Ascena Retail Group (ASNA) Releases Quarterly Earnings Results, Hits Expectations
Ascena Retail Group (NASDAQ:ASNA) released its quarterly earnings data on Monday. The specialty retailer reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11, Bloomberg Earnings reports. Ascena Retail Group had a positive return on equity of 3.13% and a negative net margin of 16.05%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the company posted $0.18 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. Ascena Retail Group updated its Q2 guidance to ($0.12-0.07) EPS.
Shares of Ascena Retail Group (ASNA) opened at $2.61 on Tuesday. The company has a market capitalization of $484.14, a P/E ratio of 11.76 and a beta of 1.96. Ascena Retail Group has a 12-month low of $1.65 and a 12-month high of $8.19. The company has a current ratio of 1.20, a quick ratio of 0.52 and a debt-to-equity ratio of 2.24.
Several equities research analysts have recently weighed in on the company. BidaskClub upgraded Ascena Retail Group from a “hold” rating to a “buy” rating in a research note on Saturday. KeyCorp reiterated a “hold” rating on shares of Ascena Retail Group in a research note on Thursday, November 16th. B. Riley reiterated a “neutral” rating on shares of Ascena Retail Group in a research note on Wednesday, November 1st. ValuEngine lowered Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One investment 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of $3.50.
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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