Express (NYSE:EXPR) Issues Earnings Results

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.



Several brokerages have recently commented on EXPR. Wedbush reduced their target price on Express from $4.00 to $2.00 and set a “neutral” rating on the stock in a report on Tuesday. ValuEngine raised Express from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded Express from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Finally, B. Riley set a $4.00 target price on Express and gave the stock a “hold” rating in a report on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating, Express currently has a consensus rating of “Hold” and a consensus price target of $4.00.

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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Earnings History for Express (NYSE:EXPR)

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