Ascena Retail Group (NASDAQ:ASNA) updated its third quarter 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $-0.45–0.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.02. The company issued revenue guidance of $1.43-1.46 billion, compared to the consensus revenue estimate of $1.52 billion.
Several brokerages recently issued reports on ASNA. Zacks Investment Research raised Ascena Retail Group from a hold rating to a buy rating and set a $3.50 price objective for the company in a report on Tuesday, January 15th. B. Riley reaffirmed a neutral rating on shares of Ascena Retail Group in a report on Wednesday, November 14th. Telsey Advisory Group reduced their price objective on Ascena Retail Group from $5.00 to $4.00 and set a market perform rating for the company in a report on Tuesday, December 11th. BidaskClub cut Ascena Retail Group from a hold rating to a sell rating in a report on Thursday, November 22nd. Finally, ValuEngine cut Ascena Retail Group from a buy rating to a hold rating in a report on Saturday, February 2nd. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Ascena Retail Group currently has an average rating of Hold and an average target price of $3.50.
Ascena Retail Group stock traded down $0.10 during mid-day trading on Thursday, hitting $1.89. 5,504,154 shares of the company were exchanged, compared to its average volume of 2,687,731. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.45 and a current ratio of 1.28. The company has a market capitalization of $400.80 million, a price-to-earnings ratio of -94.50 and a beta of 1.44. Ascena Retail Group has a 12-month low of $1.77 and a 12-month high of $5.28.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, December 10th. The specialty retailer reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.57 billion. Ascena Retail Group had a negative return on equity of 1.70% and a negative net margin of 0.61%. Ascena Retail Group’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share.
About Ascena Retail Group
Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.
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