Express (EXPR) Updates Q4 Earnings Guidance
Express (EXPR) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.72-0.74 for the period, compared to the Thomson Reuters consensus estimate of $0.65.
Several analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of Express from $16.00 to $17.00 in a research note to investors on Thursday, November 29th. They now have a buy rating on the stock. On a related note, analysts at Brean Murray reiterated a buy rating on shares of Express in a research note to investors on Wednesday, November 28th. Finally, analysts at Piper Jaffray raised their price target on shares of Express to $19.00 in a research note to investors on Wednesday, November 28th.
Eight research analysts have rated the stock with a buy rating, one has issued an overweight rating, and two have given a hold rating to the stock. The stock presently has an average rating of buy and a consensus price target of $17.80.
Express (EXPR) traded up 1.22% on Monday, hitting $14.06. Express (EXPR) has a 52-week low of $10.47 and a 52-week high of $26.27. The stock’s 50-day moving average is currently $14.48. The company has a market cap of $1.209 billion and a price-to-earnings ratio of 9.00.
Express last released its earnings data on Wednesday, November 28th. The company reported $0.20 EPS for the quarter. The company had revenue of $468.50 million for the quarter. During the same quarter in 2012, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Express has set its Q4 guidance at $0.62-0.68 EPS. On average, analysts predict that Express (EXPR) will post $1.50 earnings per share for the current fiscal year.
Express, Inc. ( Express) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.
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