Analysts expect Ascena Retail Group Inc (NASDAQ:ASNA) to report earnings of $0.11 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ascena Retail Group’s earnings. Ascena Retail Group reported earnings of $0.18 per share in the same quarter last year, which indicates a negative year over year growth rate of 38.9%. The firm is scheduled to report its next earnings report after the market closes on Monday, December 4th.

Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Ascena Retail Group.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, September 25th. The specialty retailer reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The business’s revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS.

Several research firms have weighed in on ASNA. BidaskClub raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada lowered their price target on shares of Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating on the stock in a report on Friday, October 6th. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. FBR & Co set a $3.00 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a report on Tuesday, August 15th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $3.50.

Ascena Retail Group (NASDAQ ASNA) opened at $2.47 on Monday. The firm has a market cap of $484.14, a PE ratio of 11.76 and a beta of 1.95. The company has a quick ratio of 0.52, a current ratio of 1.20 and a debt-to-equity ratio of 2.24. Ascena Retail Group has a fifty-two week low of $1.65 and a fifty-two week high of $8.19.

Several institutional investors and hedge funds have recently made changes to their positions in ASNA. Thrivent Financial For Lutherans boosted its position in shares of Ascena Retail Group by 4.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 101,540 shares of the specialty retailer’s stock worth $218,000 after acquiring an additional 4,420 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Ascena Retail Group by 45.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 109,379 shares of the specialty retailer’s stock worth $235,000 after acquiring an additional 34,295 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Ascena Retail Group by 3.9% during the 1st quarter. Teachers Advisors LLC now owns 305,091 shares of the specialty retailer’s stock worth $1,300,000 after acquiring an additional 11,432 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Ascena Retail Group by 93.4% during the 2nd quarter. SG Americas Securities LLC now owns 238,645 shares of the specialty retailer’s stock worth $513,000 after acquiring an additional 115,282 shares in the last quarter. Finally, Texas Permanent School Fund boosted its position in shares of Ascena Retail Group by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 123,823 shares of the specialty retailer’s stock worth $266,000 after acquiring an additional 1,145 shares in the last quarter. 95.05% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for Ascena Retail Group (NASDAQ:ASNA)

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