Express (NYSE:EXPR) posted its earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.06, Briefing.com reports. Express had a negative net margin of 0.62% and a positive return on equity of 0.34%. The business had revenue of $488.50 million for the quarter, compared to analyst estimates of $483.25 million. During the same quarter in the previous year, the business posted $0.11 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. Express updated its Q4 guidance to $0.16-0.21 EPS.
EXPR traded up $1.09 during trading hours on Thursday, reaching $5.00. 6,703,714 shares of the stock traded hands, compared to its average volume of 1,775,716. The firm’s fifty day simple moving average is $3.62 and its two-hundred day simple moving average is $2.89. The company has a market cap of $264.36 million, a price-to-earnings ratio of 15.63 and a beta of 1.06. Express has a fifty-two week low of $1.83 and a fifty-two week high of $6.35. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.99 and a quick ratio of 0.43.
Several research analysts have commented on EXPR shares. Zacks Investment Research raised Express from a “sell” rating to a “hold” rating in a research report on Wednesday. Wedbush reduced their price objective on Express from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 27th. MKM Partners set a $3.00 target price on Express and gave the stock a “hold” rating in a research report on Thursday, August 29th. B. Riley set a $4.00 target price 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 report on Wednesday, September 4th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Express has an average rating of “Hold” and an average target price of $3.55.
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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