Ascena Retail Group, Inc. (ASNA) to Release Quarterly Earnings on Monday
Ascena Retail Group, Inc. (NASDAQ:ASNA) is scheduled to issue its quarterly earnings data after the market closes on Monday, September 18th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Thursday, June 8th. The specialty retailer reported $0.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. Ascena Retail Group had a positive return on equity of 2.96% and a negative net margin of 15.25%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business earned $0.15 earnings per share. The business’s revenue was down 6.2% on a year-over-year basis. On average, analysts expect Ascena Retail Group to post $0.12 EPS for the current fiscal year and $0.26 EPS for the next fiscal year.
Ascena Retail Group, Inc. (ASNA) opened at 1.98 on Monday. Ascena Retail Group, Inc. has a 12 month low of $1.65 and a 12 month high of $8.34. The stock has a 50 day moving average price of $2.16 and a 200 day moving average price of $2.93. The stock’s market capitalization is $379.96 million.
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ASNA has been the topic of several recent analyst reports. FBR & Co set a $3.00 target price on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada set a $5.00 target price on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Monday, June 12th. ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Telsey Advisory Group lowered their target price on shares of Ascena Retail Group from $6.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, May 18th. Finally, Cowen and Company reissued a “market perform” rating and set a $2.00 target price (down from $6.00) on shares of Ascena Retail Group in a research note on Sunday, June 11th. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Ascena Retail Group presently has a consensus rating of “Hold” and a consensus price target of $3.83.
Ascena Retail Group Company Profile
Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.
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