Express (NYSE:EXPR) Updates FY 2022 Earnings Guidance

Express (NYSE:EXPRGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.14-$0.20 for the period, compared to the consensus estimate of $0.17. The company issued revenue guidance of -.

NYSE:EXPR opened at $2.38 on Wednesday. The company has a debt-to-equity ratio of 89.89, a current ratio of 0.84 and a quick ratio of 0.22. The firm has a 50-day moving average of $3.44 and a 200-day moving average of $3.60. The company has a market cap of $161.89 million, a PE ratio of -9.52 and a beta of 1.37. Express has a one year low of $2.34 and a one year high of $8.67.

Express (NYSE:EXPRGet Rating) last posted its earnings results on Wednesday, March 9th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $594.93 million for the quarter, compared to the consensus estimate of $597.90 million. During the same period in the previous year, the firm earned ($0.66) earnings per share. On average, equities research analysts expect that Express will post 0.12 earnings per share for the current fiscal year.

EXPR has been the subject of several recent research reports. Zacks Investment Research raised shares of Express from a sell rating to a hold rating in a research report on Tuesday, May 10th. StockNews.com started coverage on shares of Express in a research report on Thursday, March 31st. They issued a hold rating for the company. Small Cap Consu reaffirmed a buy rating on shares of Express in a research report on Wednesday, April 27th. Finally, TheStreet raised shares of Express from a d+ rating to a c- rating in a research report on Monday, March 14th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $4.13.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in Express in the first quarter valued at about $62,000. Goldman Sachs Group Inc. boosted its stake in Express by 57.0% in the first quarter. Goldman Sachs Group Inc. now owns 36,976 shares of the company’s stock valued at $132,000 after acquiring an additional 13,424 shares during the last quarter. UBS Group AG lifted its stake in shares of Express by 1,827.6% during the 3rd quarter. UBS Group AG now owns 54,204 shares of the company’s stock valued at $256,000 after buying an additional 51,392 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Express by 127,863.6% during the 1st quarter. JPMorgan Chase & Co. now owns 56,304 shares of the company’s stock valued at $200,000 after buying an additional 56,260 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Express by 59,933.3% during the 1st quarter. Citigroup Inc. now owns 61,234 shares of the company’s stock valued at $218,000 after buying an additional 61,132 shares in the last quarter. Hedge funds and other institutional investors own 42.73% of the company’s stock.

About Express (Get Rating)

Express, Inc provides apparel and accessories for women and men for various occasions under the Express brand. The company sells its products through its e-commerce website, express.com; and mobile app, as well as franchisees Express locations in Latin America. As of January 29, 2022, it operated 561 stores in 46 states across the United States, as well as in Puerto Rico.

See Also

Earnings History and Estimates for Express (NYSE:EXPR)

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