Zacks: Analysts Anticipate Ascena Retail Group Inc (ASNA) Will Announce Earnings of -$0.09 Per Share

Wall Street brokerages forecast that Ascena Retail Group Inc (NASDAQ:ASNA) will post earnings of ($0.09) 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 posted earnings per share of ($0.07) in the same quarter last year, which would suggest a negative year over year growth rate of 28.6%. The firm is scheduled to issue its next earnings results on Monday, March 5th.

Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Ascena Retail Group.

Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Ascena Retail Group had a positive return on equity of 2.50% and a negative net margin of 16.39%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share.

ASNA has been the subject of several recent research reports. BidaskClub raised Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday. FBR & Co set a $3.00 price target on Ascena Retail Group and gave the stock a “hold” rating in a research report on Tuesday, October 17th. KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. Finally, ValuEngine lowered Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $2.75.

In other news, Director Krill Katherine Lawther sold 19,400 shares of Ascena Retail Group stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $2.33, for a total value of $45,202.00. Following the completion of the transaction, the director now owns 108,957 shares of the company’s stock, valued at approximately $253,869.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.02% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP increased its holdings in Ascena Retail Group by 33.2% in the 4th quarter. Royce & Associates LP now owns 1,224,468 shares of the specialty retailer’s stock worth $2,877,000 after buying an additional 305,000 shares in the last quarter. BlackRock Inc. increased its holdings in Ascena Retail Group by 2.5% in the 4th quarter. BlackRock Inc. now owns 22,179,752 shares of the specialty retailer’s stock worth $52,123,000 after buying an additional 538,101 shares in the last quarter. Rhumbline Advisers increased its holdings in Ascena Retail Group by 14.1% in the 4th quarter. Rhumbline Advisers now owns 411,370 shares of the specialty retailer’s stock worth $967,000 after buying an additional 50,806 shares in the last quarter. Arizona State Retirement System increased its holdings in Ascena Retail Group by 225.7% in the 4th quarter. Arizona State Retirement System now owns 286,615 shares of the specialty retailer’s stock worth $674,000 after buying an additional 198,615 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Ascena Retail Group by 19.1% in the 4th quarter. California Public Employees Retirement System now owns 2,087,284 shares of the specialty retailer’s stock worth $4,905,000 after buying an additional 335,142 shares in the last quarter. Institutional investors own 95.01% of the company’s stock.

Shares of Ascena Retail Group (NASDAQ:ASNA) traded up $0.06 during trading on Friday, reaching $1.94. The company’s stock had a trading volume of 2,749,775 shares, compared to its average volume of 1,875,925. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.36 and a quick ratio of 0.55. The stock has a market capitalization of $368.55, a price-to-earnings ratio of -0.35 and a beta of 1.93. Ascena Retail Group has a fifty-two week low of $1.65 and a fifty-two week high of $5.50.

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About Ascena Retail Group

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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