Express (EXPR) Releases Q1 Earnings Guidance

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Express (NYSE:EXPR) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ($0.34)-($0.27) for the period, compared to the Thomson Reuters consensus estimate of ($0.05). Express also updated its Q1 2019 guidance to $-0.34–0.27 EPS.

Shares of Express stock opened at $4.53 on Thursday. The firm has a market capitalization of $345.38 million, a price-to-earnings ratio of 12.58 and a beta of 1.12. Express has a 52 week low of $4.28 and a 52 week high of $11.69.

Express (NYSE:EXPR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The company had revenue of $628.40 million for the quarter, compared to the consensus estimate of $629.63 million. Express had a return on equity of 5.94% and a net margin of 1.84%. Express’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. On average, equities research analysts expect that Express will post 0.3 earnings per share for the current fiscal year.

EXPR has been the topic of several research analyst reports. ValuEngine downgraded Express from a hold rating to a sell rating in a research report on Wednesday, November 28th. Wedbush cut their price objective on Express from $10.00 to $6.00 and set a neutral rating on the stock in a research report on Tuesday, January 8th. Zacks Investment Research raised Express from a sell rating to a hold rating in a research report on Thursday, January 17th. B. Riley set a $7.00 price objective on Express and gave the company a hold rating in a research report on Friday, November 30th. Finally, MKM Partners set a $6.00 price objective on Express and gave the company a hold rating in a research report on Thursday, December 6th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $7.00.

In other Express news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the company’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $5.36, for a total value of $1,288,678.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is currently owned by corporate insiders.

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About Express

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.

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Earnings History and Estimates for Express (NYSE:EXPR)

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