Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Express (EXPR) Share Price
Media coverage about Express (NYSE:EXPR) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Express earned a news impact score of 0.03 on Accern’s scale. Accern also assigned news stories about the company an impact score of 43.5070851166319 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
- Express Kitchens Grows by 50% Spurred by it’s New Approach to Kitchen Renovation (prweb.com)
- Will You Buy or Sell? Advanced Micro Devices, Inc. (AMD) (nismagazine.com)
- How Jeff Haden, Inc’s Top Columnist, Stays Motivated and Never Runs Out of Ideas (medium.com)
- EXCO Resources Inc.: EXCO Resources, Inc. Files Voluntary Petitions for Chapter 11 Reorganization to Facilitate Financial Restructuring (twst.com)
- BRIEF-National Express Sees Small Tax Credit In 2017 from U.S. Tax Reform (feeds.reuters.com)
Express (NYSE EXPR) traded down $0.05 during trading on Wednesday, reaching $7.21. 3,394,200 shares of the company’s stock traded hands, compared to its average volume of 5,672,020. The company has a market cap of $572.15, a PE ratio of 45.07 and a beta of 1.55. Express has a 52-week low of $5.28 and a 52-week high of $11.69.
Express (NYSE:EXPR) last released its quarterly earnings results on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $498.70 million for the quarter, compared to analysts’ expectations of $487.38 million. Express had a net margin of 0.60% and a return on equity of 3.85%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. research analysts predict that Express will post 0.34 earnings per share for the current fiscal year.
Express declared that its board has authorized a stock buyback plan on Thursday, November 30th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
A number of brokerages have recently issued reports on EXPR. B. Riley reaffirmed a “neutral” rating on shares of Express in a report on Wednesday, November 1st. FBR & Co reaffirmed a “hold” rating and issued a $7.00 target price on shares of Express in a report on Friday, September 29th. Zacks Investment Research cut shares of Express from a “buy” rating to a “hold” rating and set a $11.00 target price on the stock. in a report on Wednesday, January 3rd. BMO Capital Markets set a $10.00 target price on shares of Express and gave the company a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks set a $10.00 target price on shares of Express and gave the company a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. Express has an average rating of “Hold” and a consensus target price of $8.88.
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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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