Express, Inc. (NYSE:EXPR) Expected to Announce Quarterly Sales of $458.36 Million
Wall Street analysts expect that Express, Inc. (NYSE:EXPR) will post sales of $458.36 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Express’ earnings, with the highest sales estimate coming in at $466.76 million and the lowest estimate coming in at $448.10 million. Express posted sales of $493.61 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.1%. The firm is expected to report its next earnings report on Wednesday, September 4th.
On average, analysts expect that Express will report full year sales of $2.02 billion for the current year, with estimates ranging from $2.00 billion to $2.03 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.01 billion, with estimates ranging from $2.00 billion to $2.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Express.
Express (NYSE:EXPR) last issued its earnings results on Thursday, May 30th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.16. Express had a negative net margin of 0.04% and a positive return on equity of 2.20%. The firm had revenue of $451.30 million for the quarter, compared to analyst estimates of $429.41 million. During the same quarter last year, the business posted $0.01 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis.
Express stock traded down $0.01 during mid-day trading on Monday, reaching $2.45. The company had a trading volume of 1,674,316 shares, compared to its average volume of 1,846,019. Express has a fifty-two week low of $2.39 and a fifty-two week high of $11.69. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.39 and a current ratio of 0.97. The firm has a market cap of $164.79 million, a P/E ratio of 7.66 and a beta of 0.95. The company has a fifty day moving average of $2.71.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Express in the fourth quarter worth $9,096,000. Spark Investment Management LLC grew its holdings in Express by 8.3% in the first quarter. Spark Investment Management LLC now owns 1,740,800 shares of the company’s stock worth $7,450,000 after purchasing an additional 133,600 shares during the period. Quinn Opportunity Partners LLC grew its holdings in Express by 551.5% in the first quarter. Quinn Opportunity Partners LLC now owns 1,259,795 shares of the company’s stock worth $5,392,000 after purchasing an additional 1,066,420 shares during the period. Bank of America Corp DE grew its holdings in Express by 2,029.4% in the fourth quarter. Bank of America Corp DE now owns 1,167,252 shares of the company’s stock worth $5,965,000 after purchasing an additional 1,112,436 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Express by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 1,089,285 shares of the company’s stock worth $5,565,000 after purchasing an additional 33,758 shares during the period.
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.
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