Ascena Retail Group Inc to Post FY2018 Earnings of $0.20 Per Share, KeyCorp Forecasts (ASNA)
Ascena Retail Group Inc (NASDAQ:ASNA) – Research analysts at KeyCorp reduced their FY2018 earnings estimates for Ascena Retail Group in a research note issued to investors on Monday. KeyCorp analyst E. Yruma now forecasts that the specialty retailer will post earnings per share of $0.20 for the year, down from their prior forecast of $0.30. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Ascena Retail Group’s FY2019 earnings at $0.20 EPS.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.32%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year.
Ascena Retail Group (ASNA) traded down $0.51 during midday trading on Wednesday, reaching $2.10. 13,140,300 shares of the company were exchanged, compared to its average volume of 3,205,219. Ascena Retail Group has a 1-year low of $1.65 and a 1-year high of $8.19. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.20 and a quick ratio of 0.52. The stock has a market capitalization of $511.66, a P/E ratio of 18.64 and a beta of 1.96.
A number of large investors have recently modified their holdings of ASNA. Boothbay Fund Management LLC bought a new position in Ascena Retail Group during the third quarter worth about $133,000. Virtu KCG Holdings LLC boosted its position in shares of Ascena Retail Group by 47.8% in the second quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock valued at $145,000 after acquiring an additional 21,823 shares during the period. M&T Bank Corp boosted its position in shares of Ascena Retail Group by 2.3% in the second quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock valued at $168,000 after acquiring an additional 1,739 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Ascena Retail Group in the third quarter valued at approximately $172,000. Finally, Stevens Capital Management LP boosted its position in shares of Ascena Retail Group by 230.3% in the third quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock valued at $188,000 after acquiring an additional 53,622 shares during the period. Hedge funds and other institutional investors own 95.06% of the company’s stock.
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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