Express (NYSE:EXPR) announced its quarterly earnings results on Wednesday. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03, MarketWatch Earnings reports. Express had a net margin of 1.84% and a return on equity of 5.94%. The company had revenue of $628.40 million for the quarter, compared to analyst estimates of $629.63 million. During the same quarter in the prior year, the business posted $0.34 EPS. Express’s quarterly revenue was down 10.2% on a year-over-year basis. Express updated its Q1 2019 guidance to $-0.34–0.27 EPS and its Q1 guidance to ($0.34)-($0.27) EPS.
NYSE:EXPR opened at $4.49 on Friday. Express has a 1 year low of $4.28 and a 1 year high of $11.69. The firm has a market capitalization of $345.38 million, a P/E ratio of 12.47 and a beta of 1.12.
In related news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the firm’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $5.36, for a total value of $1,288,678.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.20% of the company’s stock.
Several brokerages have recently commented on EXPR. ValuEngine upgraded shares of Express from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered shares of Express from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Wedbush lowered their target price on shares of Express from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Express has a consensus rating of “Hold” and a consensus price target of $6.75.
ILLEGAL ACTIVITY NOTICE: “Express (EXPR) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS” was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2019/03/15/express-expr-releases-quarterly-earnings-results-beats-estimates-by-0-03-eps.html.
Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
Recommended Story: Why are percentage decliners important?
Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.