Express Inc (NYSE:EXPR)'s price to sales ratio for trailing twelve month stands at 0.27, whereas its price to book ratio for the most recent quarters is at 0.91. Express posted sales of $678.78 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%.
Analysts are expecting average earnings estimates of $0.32 for the current quarter based on the opinion of 7 analysts, relating to high earnings per share estimates of $0.33 and low estimates of $0.31, however Express Inc (NYSE:EXPR) reported $0.29 earnings per share for the same quarter past year.
On average, analysts expect that Express will report full-year sales of $691.56 million for the current year, with estimates ranging from $2.11 billion to $2.14 billion.More news: Pacers have managed to thrive despite brutal post-All-Star break schedule
For the 53 weeks that ended Feb 3, 2018, Express reported net income of US$19.4mln, or 25 USA cents a share, which was down 66% from earnings of US$57.4mln, or 73 United States cents a share, in the 52 weeks that ended January 28, 2017. Zacks' sales calculations are an average based on a survey of research analysts that that provide coverage for Express. Average estimation for the current quarter has been provided by 7 analysts. The company now has a Return on Equity of 2% and a Return on Investment of 11.1%.
During the quarter, comparable sales (including e-commerce sales) decreased 1%, compared to a 13% decrease in the fourth quarter of 2016. A negative earnings surprise will usually result in a decline in share price. (NYSE:EXPR), 5 have Buy rating, 2 Sell and 11 Hold. TheStreet upgraded shares of Express from a "d+" rating to a "c-" rating in a report on Thursday, November 16th. Okumus Fund Management Ltd sold 3.00 million shares as Express Inc (EXPR)'s stock declined 33.22%. SunTrust Banks set a $10.00 target price on Express and gave the company a "hold" rating in a research report on Friday, December 1st. The stock has "Outperform" rating by BlueFin Research on Wednesday, August 5. As per Wednesday, June 8, the company rating was maintained by Credit Suisse.
Several institutional investors and hedge funds have recently modified their holdings of EXPR. Northern Trust Corp raised its stake in shares of Express by 2.4% during the 2nd quarter.More news: Growth Analysis of Freeport-McMoRan Inc. (FCX)
Total shares held by institutions as of the most recent company filings are 69,149,915 with a reported 13,684,326 bought and 6,589,528 sold. Alambic Investment Management L.P. acquired a new stake in shares of Express in the 4th quarter worth about $147,000. Wells Fargo & Company MN now owns 59,616 shares of the company's stock valued at $403,000 after buying an additional 8,057 shares during the period.
At the moment 7 analysts are watching Express, Inc. Moreover, Global X Management Co Llc has 0.04% invested in the company for 132,030 shares. Express Inc. had 38 analyst reports since August 5, 2015 according to SRatingsIntel.
Express announced that its Board of Directors has initiated a share repurchase program on Thursday, November 30th that authorizes the company to repurchase $150.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases.More news: Enbridge Energy Partners (EEP) Lowered to Sell at Zacks Investment Research