Ascena Retail Group (ASNA) Updates Q3 2019 Earnings Guidance

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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.

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Ascena Retail Group from a hold rating to a sell rating in a research report on Thursday, November 22nd. Zacks Investment Research raised shares of Ascena Retail Group from a hold rating to a buy rating and set a $3.50 price objective for the company in a research report on Tuesday, January 15th. Telsey Advisory Group cut their price objective on shares of Ascena Retail Group from $5.00 to $4.00 and set a market perform rating for the company in a research report on Tuesday, December 11th. Finally, ValuEngine downgraded shares of Ascena Retail Group from a buy rating to a hold rating in a research report on Saturday, February 2nd. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Ascena Retail Group presently has an average rating of Hold and a consensus target price of $3.50.

Shares of ASNA stock opened at $1.35 on Friday. Ascena Retail Group has a 1 year low of $1.77 and a 1 year high of $5.28. The company has a quick ratio of 0.45, a current ratio of 1.28 and a debt-to-equity ratio of 1.64. The firm has a market cap of $400.80 million, a PE ratio of -67.63 and a beta of 1.44.

Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. Ascena Retail Group had a negative return on equity of 1.70% and a negative net margin of 0.61%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) EPS.

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Ascena Retail Group Company Profile

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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Earnings History and Estimates for Ascena Retail Group (NASDAQ:ASNA)

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