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.
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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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, express.com; mobile app; and franchisees Express locations in Latin America.
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