EXPR Stock: Express Updates Q4 Earnings Guidance

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Express (NYSE:EXPR) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.40-0.44 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.41.

Express (NYSE EXPR) opened at $9.22 on Thursday. The stock has a market capitalization of $691.88, a price-to-earnings ratio of 25.82 and a beta of 1.33. Express has a one year low of $5.28 and a one year high of $13.91.

Express (NYSE:EXPR) last released its quarterly earnings data on Wednesday, November 29th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $498.70 million during the quarter, compared to analyst estimates of $487.38 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. sell-side analysts predict that Express will post 0.45 EPS for the current year.

Several equities research analysts have recently weighed in on EXPR shares. Zacks Investment Research raised Express from a hold rating to a buy rating and set a $7.75 price objective for the company in a research note on Tuesday, October 24th. BidaskClub raised Express from a sell rating to a hold rating in a research note on Wednesday, October 25th. BMO Capital Markets reissued a hold rating and set a $7.00 price objective on shares of Express in a research note on Wednesday, September 13th. SunTrust Banks reissued a hold rating and set a $6.00 price objective on shares of Express in a research note on Monday, October 2nd. Finally, TheStreet raised Express from a d+ rating to a c- rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Express has a consensus rating of Hold and a consensus price target of $8.20.

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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