Express (EXPR) Earning Somewhat Positive Press Coverage, Report Finds
News headlines about Express (NYSE:EXPR) have been trending somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Express earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.8908993182708 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Kessler Topaz Meltzer & Check, LLP Reminds ZTO Express (Cayman) Inc. Shareholders of Important Deadline in Class Action Lawsuit (feeds.benzinga.com)
- Block & Co. Brokers Sale of Retail Property Occupied by Panda Express in Overland Park, Kansas (rebusinessonline.com)
- BRIEF-Nippon Express plans to raise 100 bln Yen in debt capital over two years – Nikkei (feeds.reuters.com)
- Brokerages Expect Express, Inc. (EXPR) Will Post Earnings of $0.08 Per Share (americanbankingnews.com)
- The 2 Credit Card Companies With the Most Satisfied Customers (fool.com)
Several equities research analysts recently weighed in on EXPR shares. Deutsche Bank AG boosted their target price on Express from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, May 31st. BMO Capital Markets restated a “hold” rating and issued a $7.00 target price on shares of Express in a report on Friday, June 2nd. Wolfe Research boosted their target price on Express from $6.00 to $10.00 and gave the stock a “peer perform” rating in a report on Friday, June 2nd. UBS AG restated a “sell” rating and issued a $6.00 target price (down from $8.00) on shares of Express in a report on Friday, June 2nd. Finally, MKM Partners reaffirmed a “neutral” rating and issued a $7.00 price target (down from $10.00) on shares of Express in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $9.77.
Express (NYSE:EXPR) traded up 0.691% during mid-day trading on Wednesday, hitting $6.555. The stock had a trading volume of 1,036,339 shares. The stock’s 50 day moving average price is $6.16 and its 200 day moving average price is $7.70. Express has a one year low of $5.28 and a one year high of $14.39. The firm has a market capitalization of $516.44 million, a price-to-earnings ratio of 28.500 and a beta of 1.44.
Express (NYSE:EXPR) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $478.50 million during the quarter, compared to analysts’ expectations of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. Analysts forecast that Express will post $0.44 EPS for the current year.
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Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.
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