Wall Street brokerages predict that Express, Inc. (NYSE:EXPR) will announce $0.42 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Express’ earnings, with estimates ranging from $0.41 to $0.44. Express reported earnings of $0.29 per share in the same quarter last year, which indicates a positive year over year growth rate of 44.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, March 14th.
According to Zacks, analysts expect that Express will report full year earnings of $0.47 per share for the current year, with EPS estimates ranging from $0.44 to $0.49. For the next year, analysts expect that the company will report earnings of $0.59 per share, with EPS estimates ranging from $0.56 to $0.63. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Express.
Express (NYSE:EXPR) last issued its earnings results on Thursday, November 30th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. Express had a net margin of 0.60% and a return on equity of 3.85%. The firm had revenue of $498.70 million during the quarter, compared to the consensus estimate of $487.38 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year.
Express (NYSE EXPR) traded down $0.14 during midday trading on Monday, reaching $10.43. 1,522,000 shares of the company’s stock traded hands, compared to its average volume of 2,393,154. Express has a one year low of $5.28 and a one year high of $11.69. The firm has a market capitalization of $821.91, a P/E ratio of 65.19 and a beta of 1.55.
Express declared that its Board of Directors has authorized a share buyback plan on Thursday, November 30th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. acquired a new position in shares of Express in the 2nd quarter valued at about $33,597,000. Majedie Asset Management Ltd acquired a new position in Express during the 3rd quarter valued at about $11,427,000. Renaissance Technologies LLC boosted its stake in Express by 478.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,879,300 shares of the company’s stock valued at $12,685,000 after purchasing an additional 1,554,200 shares during the period. Contrarius Investment Management Ltd acquired a new position in Express during the 3rd quarter valued at about $10,191,000. Finally, Neuberger Berman Group LLC boosted its stake in Express by 51.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,990,319 shares of the company’s stock valued at $13,435,000 after purchasing an additional 673,630 shares during the period. Institutional investors own 99.08% of the company’s stock.
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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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