Zacks: Analysts Anticipate Express, Inc. (NYSE:EXPR) to Post -$0.09 Earnings Per Share

Wall Street brokerages forecast that Express, Inc. (NYSE:EXPR) will report ($0.09) earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Express’ earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.07). Express reported earnings of $0.11 per share in the same quarter last year, which indicates a negative year over year growth rate of 181.8%. The firm is expected to report its next earnings results before the market opens on Thursday, December 5th.

According to Zacks, analysts expect that Express will report full-year earnings of ($0.28) per share for the current fiscal year, with EPS estimates ranging from ($0.33) to ($0.22). For the next financial year, analysts expect that the company will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.18) to ($0.04). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Express.

Several equities analysts have recently weighed in on EXPR shares. Zacks Investment Research cut Express from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. B. Riley set a $4.00 price objective on Express and gave the stock a “hold” rating in a report on Tuesday, August 20th. ValuEngine upgraded Express from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Wedbush reduced their target price on Express from $4.00 to $2.00 and set a “neutral” rating for the company in a report on Tuesday, August 27th. Finally, MKM Partners set a $3.00 price target on Express and gave the company a “hold” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $3.55.

Shares of Express stock traded down $0.09 during trading hours on Tuesday, reaching $3.55. The company had a trading volume of 1,194,668 shares, compared to its average volume of 1,754,693. Express has a one year low of $1.83 and a one year high of $6.59. The business has a fifty day simple moving average of $3.55 and a 200 day simple moving average of $2.88. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.99 and a quick ratio of 0.43. The firm has a market cap of $264.36 million, a PE ratio of 11.09 and a beta of 1.06.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio boosted its holdings in Express by 7.5% in the 2nd quarter. Strs Ohio now owns 117,700 shares of the company’s stock valued at $321,000 after purchasing an additional 8,200 shares during the period. SG Americas Securities LLC increased its holdings in shares of Express by 285.9% in the second quarter. SG Americas Securities LLC now owns 68,865 shares of the company’s stock worth $188,000 after purchasing an additional 51,022 shares during the period. Magnus Financial Group LLC increased its holdings in shares of Express by 30.5% in the second quarter. Magnus Financial Group LLC now owns 21,124 shares of the company’s stock worth $58,000 after purchasing an additional 4,932 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Express in the second quarter worth $62,000. Finally, Russell Investments Group Ltd. raised its position in shares of Express by 19.5% in the second quarter. Russell Investments Group Ltd. now owns 339,106 shares of the company’s stock worth $926,000 after buying an additional 55,364 shares in the last quarter. Institutional investors and hedge funds own 99.19% of the company’s stock.

About Express

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 and Estimates for Express (NYSE:EXPR)

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