Express (NYSE:EXPR) Updates FY 2022 Earnings Guidance – MarketBeat

Express (NYSE:EXPRGet Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -$0.22–$0.16 for the period, compared to the consensus estimate of $0.14. The company issued revenue guidance of -.

Express Stock Down 16.9 %

Express stock traded down $0.33 during midday trading on Wednesday, reaching $1.60. The company’s stock had a trading volume of 64,401 shares, compared to its average volume of 3,127,632. Express has a 52-week low of $1.63 and a 52-week high of $6.51. The stock has a market capitalization of $108.57 million, a P/E ratio of 7.11 and a beta of 1.40. The company has a debt-to-equity ratio of 89.89, a current ratio of 0.85 and a quick ratio of 0.15. The stock’s 50-day simple moving average is $1.97 and its 200-day simple moving average is $2.92.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EXPR. JPMorgan Chase & Co. boosted its stake in shares of Express by 127,863.6% in the first quarter. JPMorgan Chase & Co. now owns 56,304 shares of the company’s stock worth $200,000 after acquiring an additional 56,260 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Express by 59,933.3% in 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 during the period. Vanguard Group Inc. raised its holdings in shares of Express by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 3,115,305 shares of the company’s stock valued at $11,090,000 after buying an additional 307,438 shares during the period. XTX Topco Ltd acquired a new position in Express during the 1st quarter worth $62,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Express by 20.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 445,632 shares of the company’s stock worth $1,586,000 after purchasing an additional 76,751 shares in the last quarter. 54.92% of the stock is currently owned by hedge funds and other institutional investors.

Express Company Profile

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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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