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.

EXPR has been the subject of several recent analyst reports. ValuEngine upgraded Express from a strong sell rating to a sell rating in a research report on Thursday, December 27th. Zacks Investment Research downgraded Express from a hold rating to a sell rating in a research report on Wednesday, March 6th. Finally, B. Riley set a $7.00 price objective on Express and gave the stock a hold rating in a research report on Friday, November 30th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company currently has an average rating of Hold and an average price target of $6.75.

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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About Express

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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Earnings History and Estimates for Express (NYSE:EXPR)

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