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.
TRADEMARK VIOLATION WARNING: This story was first posted by Zolmax and is the sole property of of Zolmax. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://zolmax.com/investing/ascena-retail-group-asna-updates-q3-2019-earnings-guidance/2965211.html.
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.
Recommended Story: Why is cost of goods sold important?
Receive News & Ratings for Ascena Retail Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group and related companies with MarketBeat.com's FREE daily email newsletter.