Ascena Retail Group, Inc. (ASNA) Updates FY17 Earnings Guidance
Ascena Retail Group, Inc. (NASDAQ:ASNA) updated its FY17 earnings guidance on Monday. The company provided earnings per share guidance of $0.08-0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.13. The company issued revenue guidance of $1.58-1.62 billion, compared to the consensus revenue estimate of $6.54 billion.
Several brokerages recently weighed in on ASNA. Zacks Investment Research raised Ascena Retail Group from a sell rating to a hold rating in a research report on Monday, September 18th. BidaskClub lowered Ascena Retail Group from a sell rating to a strong sell rating in a research report on Wednesday, August 23rd. FBR & Co set a $3.00 price objective on Ascena Retail Group and gave the company a hold rating in a research report on Tuesday, August 15th. Royal Bank Of Canada set a $5.00 price objective on Ascena Retail Group and gave the company a hold rating in a research report on Monday, June 12th. Finally, Cowen and Company reissued a market perform rating and issued a $2.00 price objective (down from $6.00) on shares of Ascena Retail Group in a research report on Sunday, June 11th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The stock has an average rating of Hold and an average price target of $3.83.
Shares of Ascena Retail Group, Inc. (ASNA) traded up 2.143% during trading on Monday, reaching $2.145. The company’s stock had a trading volume of 4,573,145 shares. Ascena Retail Group, Inc. has a 1-year low of $1.65 and a 1-year high of $8.19. The stock’s market capitalization is $411.63 million. The company’s 50-day moving average price is $2.14 and its 200 day moving average price is $2.77.
TRADEMARK VIOLATION WARNING: “Ascena Retail Group, Inc. (ASNA) Updates FY17 Earnings Guidance” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/09/25/ascena-retail-group-inc-asna-updates-fy17-earnings-guidance.html.
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.
Receive News & Ratings for Ascena Retail Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.