Express (NYSE:EXPR) released its quarterly earnings data on Wednesday. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02, Briefing.com reports. The company had revenue of $472.70 million for the quarter, compared to the consensus estimate of $458.67 million. Express had a positive return on equity of 2.20% and a negative net margin of 0.04%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. Express updated its Q3 2019 guidance to $-0.1–0.08 EPS.
Shares of EXPR traded up $0.40 on Wednesday, hitting $2.26. The company’s stock had a trading volume of 279,656 shares, compared to its average volume of 1,090,897. The company has a market capitalization of $130.49 million, a PE ratio of 7.06 and a beta of 0.93. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.97 and a quick ratio of 0.39. Express has a fifty-two week low of $1.83 and a fifty-two week high of $11.69. The company has a 50 day moving average price of $2.24 and a 200 day moving average price of $3.45.
Institutional investors and hedge funds have recently made changes to their positions in the company. Lombard Odier Asset Management USA Corp acquired a new position in shares of Express in the 1st quarter worth approximately $1,662,000. Norges Bank bought a new position in Express in the 4th quarter worth approximately $9,096,000. Alambic Investment Management L.P. raised its position in Express by 192.0% in the 1st quarter. Alambic Investment Management L.P. now owns 45,500 shares of the company’s stock worth $195,000 after purchasing an additional 29,920 shares during the last quarter. Marshall Wace LLP bought a new position in Express in the 1st quarter worth approximately $2,664,000. Finally, Creative Planning raised its position in Express by 36.6% in the 1st quarter. Creative Planning now owns 14,000 shares of the company’s stock worth $60,000 after purchasing an additional 3,750 shares during the last quarter.
Express Company Profile
Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America.
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