Express (EXPR) Issues Q1 Earnings Guidance

Express (NYSE:EXPR) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.34)-($0.27) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.05). Express also updated its Q1 2019 guidance to $-0.34–0.27 EPS.

Shares of EXPR stock opened at $4.49 on Friday. Express has a twelve month low of $4.28 and a twelve month high of $11.69. The company has a market capitalization of $345.38 million, a price-to-earnings ratio of 12.47 and a beta of 1.12.

Express (NYSE:EXPR) last announced its earnings results on Wednesday, March 13th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. Express had a return on equity of 5.94% and a net margin of 1.84%. The company had revenue of $628.40 million for the quarter, compared to the consensus estimate of $629.63 million. During the same period last year, the business posted $0.34 EPS. The company’s revenue was down 10.2% on a year-over-year basis. As a group, equities research analysts predict that Express will post 0.3 earnings per share for the current fiscal year.

A number of analysts recently weighed in on EXPR shares. MKM Partners set a $6.00 price target on Express and gave the company a hold rating in a research note on Thursday, December 6th. Zacks Investment Research upgraded Express from a sell rating to a hold rating in a research note on Wednesday, January 23rd. B. Riley set a $7.00 price target on Express and gave the company a hold rating in a research note on Friday, November 30th. Finally, ValuEngine downgraded Express from a hold rating to a sell rating in a research note on Wednesday, November 28th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has a consensus rating of Hold and an average target price of $6.75.

In other Express news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the business’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $5.36, for a total transaction of $1,288,678.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by insiders.

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About Express

Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website,; mobile app; and franchisees Express locations in Latin America.

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Earnings History and Estimates for Express (NYSE:EXPR)

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