Ascena Retail Group (ASNA) Issues Earnings Results, Meets Expectations

Ascena Retail Group (NASDAQ:ASNA) announced its quarterly earnings data on Monday. The specialty retailer reported $0.11 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.11, Bloomberg Earnings reports. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. Ascena Retail Group updated its Q2 guidance to ($0.12-0.07) EPS.

Ascena Retail Group (NASDAQ:ASNA) opened at $2.61 on Tuesday. 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 cap of $484.14, a PE ratio of 11.76 and a beta of 1.96.

ASNA has been the subject of a number of recent analyst reports. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Tuesday, August 15th. BidaskClub cut shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Royal Bank Of Canada dropped 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. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $3.36.

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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.

Earnings History for Ascena Retail Group (NASDAQ:ASNA)

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