Express (NYSE:EXPR) Releases 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 -.

EXPR stock opened at $2.29 on Wednesday. The firm has a 50 day simple moving average of $3.08 and a two-hundred day simple moving average of $3.37. The stock has a market cap of $155.88 million, a PE ratio of 8.48 and a beta of 1.39. Express has a one year low of $2.00 and a one year high of $8.67. The company has a debt-to-equity ratio of 89.89, a current ratio of 0.85 and a quick ratio of 0.15.

Express (NYSE:EXPRGet Rating) last posted its quarterly earnings data on Wednesday, May 25th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.05. Express had a net margin of 0.98% and a negative return on equity of 137.03%. During the same quarter in the prior year, the company posted ($0.55) earnings per share. On average, research analysts expect that Express will post 0.15 EPS for the current fiscal year.

A number of equities analysts recently weighed in on EXPR shares. TheStreet raised Express from a d+ rating to a c- rating in a report on Monday, March 14th. Small Cap Consu reissued a buy rating on shares of Express in a research note on Wednesday, April 27th. Finally, StockNews.com began coverage on shares of Express in a research note on Thursday, March 31st. They issued a hold rating for the company.

A number of institutional investors and hedge funds have recently bought and sold shares of EXPR. Vanguard Group Inc. increased its stake in Express by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 3,115,305 shares of the company’s stock worth $11,090,000 after purchasing an additional 307,438 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Express by 36.7% in the first quarter. Renaissance Technologies LLC now owns 2,648,535 shares of the company’s stock worth $9,429,000 after purchasing an additional 711,400 shares during the last quarter. Morgan Stanley increased its stake in shares of Express by 368.4% in the second quarter. Morgan Stanley now owns 1,101,998 shares of the company’s stock worth $7,151,000 after buying an additional 866,733 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Express by 20.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 445,632 shares of the company’s stock worth $1,586,000 after acquiring an additional 76,751 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Express in the 4th quarter worth $856,000. Institutional investors and hedge funds 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.

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Earnings History and Estimates for Express (NYSE:EXPR)

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