Analysts expect Express, Inc. (NYSE:EXPR) to post sales of $430.44 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Express’ earnings, with estimates ranging from $426.70 million to $432.40 million. Express posted sales of $479.35 million in the same quarter last year, which suggests a negative year-over-year growth rate of 10.2%. The firm is expected to announce its next quarterly earnings report on Thursday, May 30th.
On average, analysts expect that Express will report full year sales of $2.01 billion for the current financial year, with estimates ranging from $1.99 billion to $2.04 billion. For the next year, analysts anticipate that the company will post sales of $2.00 billion, with estimates ranging from $1.99 billion to $2.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Express.
Express (NYSE:EXPR) last released its earnings results on Wednesday, March 13th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Express had a net margin of 0.46% and a return on equity of 3.84%. The firm had revenue of $628.40 million during the quarter, compared to analysts’ expectations of $629.63 million. During the same period in the previous year, the company earned $0.34 EPS. Express’s revenue for the quarter was down 10.2% on a year-over-year basis.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Express in the fourth quarter valued at approximately $63,000. Meeder Asset Management Inc. lifted its stake in Express by 827.0% during the 4th quarter. Meeder Asset Management Inc. now owns 13,061 shares of the company’s stock valued at $67,000 after acquiring an additional 11,652 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Express by 215.2% during the 3rd quarter. Pacer Advisors Inc. now owns 15,931 shares of the company’s stock valued at $176,000 after purchasing an additional 10,876 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of Express during the 4th quarter valued at $86,000. Finally, SG Americas Securities LLC increased its position in shares of Express by 71.9% during the 3rd quarter. SG Americas Securities LLC now owns 20,533 shares of the company’s stock valued at $227,000 after purchasing an additional 8,585 shares during the last quarter.
Shares of NYSE:EXPR traded up $0.06 during midday trading on Friday, reaching $3.92. 25,005 shares of the company’s stock were exchanged, compared to its average volume of 1,748,023. The company has a market capitalization of $250.73 million, a price-to-earnings ratio of 12.25 and a beta of 1.08. Express has a 12 month low of $3.69 and a 12 month high of $11.69.
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.
Recommended Story: Are all No-Load Funds Equal?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.