Express (EXPR) Releases Q1 2019 Earnings Guidance
Express (NYSE:EXPR) issued an update on its first quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $-0.34–0.27 for the period, compared to the Thomson Reuters consensus estimate of $-0.04. Express also updated its Q1 guidance to ($0.34)-($0.27) EPS.
NYSE:EXPR opened at $4.49 on Friday. The firm has a market cap of $345.38 million, a PE ratio of 12.47 and a beta of 1.12. Express has a fifty-two week low of $4.28 and a fifty-two week high of $11.69.
Express (NYSE:EXPR) last released its earnings results on Wednesday, March 13th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $628.40 million during the quarter, compared to the consensus estimate of $629.63 million. Express had a return on equity of 5.94% and a net margin of 1.84%. The company’s revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. On average, sell-side analysts anticipate that Express will post 0.3 earnings per share for the current year.
In other Express news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the company’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $5.36, for a total value of $1,288,678.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is owned by corporate insiders.
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Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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