Express, Inc. (NYSE:EXPR) – Investment analysts at Wedbush boosted their Q2 2020 earnings estimates for Express in a research note issued on Tuesday, August 27th, Zacks Investment Research reports. Wedbush analyst J. Redding now forecasts that the company will post earnings per share of ($0.13) for the quarter, up from their prior estimate of ($0.14). Wedbush has a “Neutral” rating and a $2.00 price objective on the stock. Wedbush also issued estimates for Express’ Q4 2020 earnings at $0.21 EPS and FY2020 earnings at ($0.04) EPS.
Express (NYSE:EXPR) last issued 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. Express had a negative net margin of 0.62% and a positive return on equity of 0.34%. The firm had revenue of $472.70 million for the quarter, compared to analyst estimates of $458.67 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The company’s revenue was down 4.2% on a year-over-year basis.
EXPR has been the topic of a number of other research reports. MKM Partners set a $3.00 price objective on shares of Express and gave the stock a “hold” rating in a report on Thursday, August 29th. Zacks Investment Research lowered shares of Express from a “buy” rating to a “hold” rating in a report on Monday, August 12th. B. Riley set a $4.00 price objective on shares of Express and gave the stock a “hold” rating in a report on Tuesday, August 20th. Finally, ValuEngine raised shares of Express from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.40.
NYSE:EXPR traded down $0.21 during mid-day trading on Friday, reaching $3.09. 2,043,955 shares of the company were exchanged, compared to its average volume of 1,498,502. Express has a 12 month low of $1.83 and a 12 month high of $11.32. The company has a fifty day moving average of $2.18 and a 200 day moving average of $3.22. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 1.78. The stock has a market cap of $221.98 million, a PE ratio of 9.66 and a beta of 0.91.
Several hedge funds and other institutional investors have recently modified their holdings of EXPR. Magnus Financial Group LLC boosted its stake in shares of Express by 30.5% in the 2nd quarter. Magnus Financial Group LLC now owns 21,124 shares of the company’s stock valued at $58,000 after purchasing an additional 4,932 shares during the last quarter. Creative Planning boosted 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 last quarter. GSA Capital Partners LLP bought a new position in shares of Express in the 2nd quarter valued at about $62,000. SG Americas Securities LLC bought a new position in shares of Express in the 1st quarter valued at about $76,000. Finally, Everence Capital Management Inc. bought a new position in shares of Express in the 1st quarter valued at about $94,000.
About Express
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.