B. Riley Analysts Increase Earnings Estimates for Express, Inc. (EXPR)

Express, Inc. (NYSE:EXPR) – Investment analysts at B. Riley boosted their FY2018 earnings per share estimates for Express in a research note issued on Thursday. B. Riley analyst S. Anderson now anticipates that the company will earn $0.44 per share for the year, up from their previous estimate of $0.43. B. Riley has a “Neutral” rating and a $9.00 price target on the stock. B. Riley also issued estimates for Express’ Q4 2018 earnings at $0.41 EPS and FY2019 earnings at $0.56 EPS.

Express (NYSE:EXPR) last posted its earnings results on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. Express had a return on equity of 3.85% and a net margin of 0.60%. The company had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year.

Several other equities analysts have also weighed in on the company. Zacks Investment Research upgraded Express from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Monday. SunTrust Banks set a $10.00 target price on Express and gave the company a “hold” rating in a report on Friday. BMO Capital Markets set a $10.00 target price on Express and gave the company a “hold” rating in a report on Friday. TheStreet upgraded Express from a “d+” rating to a “c-” rating in a report on Thursday, November 16th. Finally, BidaskClub upgraded Express from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.13.

Express (EXPR) traded up $0.17 during midday trading on Monday, reaching $10.65. The company’s stock had a trading volume of 3,768,841 shares, compared to its average volume of 2,366,786. Express has a one year low of $5.28 and a one year high of $12.40. The company has a market capitalization of $799.05, a price-to-earnings ratio of 32.71 and a beta of 1.55.

Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in shares of Express by 77.6% in the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after purchasing an additional 6,711 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Express in the second quarter worth about $114,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Express by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after purchasing an additional 620 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Express by 29.5% in the second quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock worth $140,000 after purchasing an additional 4,722 shares during the period. Finally, Hartford Investment Management Co. increased its stake in shares of Express by 96.3% in the second quarter. Hartford Investment Management Co. now owns 21,000 shares of the company’s stock worth $142,000 after purchasing an additional 10,300 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

Express declared that its board has approved a share repurchase program on Thursday, November 30th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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Express Company Profile

Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.

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