Express, Inc. (NYSE:EXPR) – Stock analysts at Wedbush lifted their Q2 2020 earnings per share (EPS) estimates for shares of Express in a research note issued to investors on Tuesday, August 27th, Zacks Investment Research reports. Wedbush analyst J. Redding now anticipates that the company will earn ($0.13) per share for the quarter, up from their prior estimate of ($0.14). Wedbush currently has a “Neutral” rating and a $2.00 target price on the stock. Wedbush also issued estimates for Express’ Q4 2020 earnings at $0.21 EPS and FY2020 earnings at ($0.04) EPS.
Several other equities analysts have also issued reports on EXPR. MKM Partners set a $3.00 price target on Express and gave the company a “hold” rating in a research note on Thursday, August 29th. Zacks Investment Research lowered Express from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. B. Riley set a $4.00 price target on Express and gave the company a “hold” rating in a research note on Tuesday, August 20th. Finally, ValuEngine upgraded Express from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $3.40.
Express stock opened at $3.09 on Friday. Express has a 52 week low of $1.83 and a 52 week high of $11.32. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.43 and a current ratio of 0.99. The firm has a market capitalization of $206.50 million, a PE ratio of 9.66 and a beta of 0.91. The business’s 50-day simple moving average is $2.18 and its 200-day simple moving average is $3.22.
Express (NYSE:EXPR) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $472.70 million for the quarter, compared to analyst estimates of $458.67 million. Express had a positive return on equity of 0.34% and a negative net margin of 0.62%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share.
Hedge funds have recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Express by 36.6% in the 1st quarter. Creative Planning now owns 14,000 shares of the company’s stock valued at $60,000 after purchasing an additional 3,750 shares during the period. Magnus Financial Group LLC bought a new stake in shares of Express in the 1st quarter valued at approximately $69,000. SG Americas Securities LLC bought a new stake in shares of Express in the 1st quarter valued at approximately $76,000. Everence Capital Management Inc. bought a new stake in shares of Express in the 1st quarter valued at approximately $94,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Express in the 2nd quarter valued at approximately $62,000.
Express Company Profile
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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