Ascena Retail Group (NASDAQ:ASNA) issued its earnings results on Monday. The specialty retailer reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11, Bloomberg Earnings reports. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’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 (NASDAQ:ASNA) opened at $2.61 on Tuesday. The stock has a market cap of $484.14, a price-to-earnings ratio of 11.76 and a beta of 1.96. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.20 and a quick ratio of 0.52. Ascena Retail Group has a 52 week low of $1.65 and a 52 week high of $8.19.
Several research firms have commented on ASNA. Zacks Investment Research lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. B. Riley decreased their target price on shares of Ascena Retail Group from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Tuesday. Royal Bank Of Canada decreased their target price on shares of Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating for the company in a report on Friday, October 6th. FBR & Co set a $3.00 target price on shares of Ascena Retail Group and gave the stock a “hold” rating in a report on Tuesday, October 17th. Finally, BidaskClub cut shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. Ascena Retail Group has an average rating of “Hold” and a consensus price target of $3.36.
TRADEMARK VIOLATION NOTICE: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.dispatchtribunal.com/2017/12/05/ascena-retail-group-asna-releases-earnings-results.html.
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.
Receive News & Ratings for Ascena Retail Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.