Express (NYSE:EXPR) updated its third quarter 2019 earnings guidance on Wednesday. The company provided EPS guidance of $-0.1–0.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03.
A number of analysts have commented on the stock. ValuEngine raised shares of Express from a sell rating to a hold rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Express from a buy rating to a hold rating in a research report on Monday, August 12th. B. Riley set a $4.00 price target on shares of Express and gave the stock a hold rating in a research report on Tuesday, August 20th. Finally, Wedbush dropped their price target on shares of Express from $4.00 to $2.00 and set a neutral rating for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, Express currently has a consensus rating of Hold and a consensus price target of $4.00.
Shares of EXPR traded down $0.06 during mid-day trading on Thursday, reaching $2.20. The stock had a trading volume of 49,277 shares, compared to its average volume of 1,107,849. The firm has a market cap of $135.87 million, a price-to-earnings ratio of 6.86 and a beta of 0.93. Express has a 12 month low of $1.83 and a 12 month high of $11.69. The business has a fifty day moving average of $2.23 and a 200 day moving average of $3.44. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.39 and a current ratio of 0.97.
Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, August 28th. The company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.02. The business had revenue of $472.70 million during the quarter, compared to analyst estimates of $458.67 million. Express had a negative net margin of 0.04% and a positive return on equity of 2.20%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. On average, research analysts forecast that Express will post -0.12 EPS for the current fiscal year.
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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