Express (NYSE:EXPR) Releases FY 2022 Earnings Guidance

Express (NYSE:EXPRGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.14-$0.20 for the period, compared to the consensus earnings per share estimate of $0.17. The company issued revenue guidance of -.

Shares of Express stock traded down $0.07 during trading hours on Thursday, reaching $2.17. The stock had a trading volume of 53,179 shares, compared to its average volume of 4,125,677. The firm has a market capitalization of $147.71 million, a price-to-earnings ratio of 8.30 and a beta of 1.39. Express has a 1 year low of $2.00 and a 1 year high of $8.67. The company has a current ratio of 0.85, a quick ratio of 0.15 and a debt-to-equity ratio of 89.89. The firm has a 50 day simple moving average of $3.05 and a two-hundred day simple moving average of $3.36.

Express (NYSE:EXPRGet Rating) last posted its quarterly earnings results on Wednesday, May 25th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.05. Express had a net margin of 0.98% and a negative return on equity of 137.03%. During the same period last year, the business earned ($0.55) EPS. Sell-side analysts forecast that Express will post 0.15 EPS for the current year.

A number of research firms have weighed in on EXPR. StockNews.com initiated coverage on shares of Express in a research report on Thursday, March 31st. They issued a hold rating for the company. TheStreet upgraded shares of Express from a d+ rating to a c- rating in a research note on Monday, March 14th. Finally, Small Cap Consu reissued a buy rating on shares of Express in a research report on Wednesday, April 27th.

Several hedge funds have recently bought and sold shares of EXPR. Vanguard Group Inc. boosted its stake in Express by 10.9% in the first quarter. Vanguard Group Inc. now owns 3,115,305 shares of the company’s stock valued at $11,090,000 after acquiring an additional 307,438 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Express by 36.7% during the first quarter. Renaissance Technologies LLC now owns 2,648,535 shares of the company’s stock valued at $9,429,000 after buying an additional 711,400 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Express by 20.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 445,632 shares of the company’s stock worth $1,586,000 after buying an additional 76,751 shares during the period. State Street Corp grew its holdings in Express by 15.7% in the 1st quarter. State Street Corp now owns 244,160 shares of the company’s stock worth $869,000 after buying an additional 33,086 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Express by 138.5% during the 1st quarter. Bank of America Corp DE now owns 123,116 shares of the company’s stock valued at $438,000 after acquiring an additional 71,489 shares in the last quarter. 42.73% of the stock is currently owned by institutional investors and hedge funds.

About Express (Get Rating)

Express, Inc provides apparel and accessories for women and men for various occasions under the Express brand. The company sells its products through its e-commerce website, express.com; and mobile app, as well as franchisees Express locations in Latin America. As of January 29, 2022, it operated 561 stores in 46 states across the United States, as well as in Puerto Rico.

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Earnings History and Estimates for Express (NYSE:EXPR)

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