Ascena Retail Group (ASNA) Releases Q3 Earnings Guidance

Ascena Retail Group (NASDAQ:ASNA) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of (0.12)-(0.07) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.06. The company issued revenue guidance of $1.48-1.52 billion, compared to the consensus revenue estimate of $1.49 billion.

A number of equities research analysts have weighed in on ASNA shares. BidaskClub downgraded shares of Ascena Retail Group from a buy rating to a hold rating in a report on Thursday, March 8th. Zacks Investment Research downgraded shares of Ascena Retail Group from a hold rating to a sell rating in a report on Wednesday, March 7th. B. Riley cut their price target 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, December 5th. Finally, ValuEngine downgraded shares of Ascena Retail Group from a hold rating to a sell rating in a report on Friday, March 9th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company has a consensus rating of Hold and an average target price of $2.60.

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ASNA stock traded down $0.08 during mid-day trading on Thursday, reaching $2.01. 8,184,357 shares of the stock traded hands, compared to its average volume of 1,989,812. The company has a current ratio of 1.29, a quick ratio of 0.64 and a debt-to-equity ratio of 2.26. Ascena Retail Group has a 52-week low of $1.65 and a 52-week high of $4.50. The firm has a market capitalization of $398.27, a PE ratio of -0.36 and a beta of 1.76.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Monday, March 5th. The specialty retailer reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Ascena Retail Group had a negative net margin of 16.52% and a positive return on equity of 2.02%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company posted ($0.07) earnings per share. Ascena Retail Group’s quarterly revenue was down 1.7% compared to the same quarter last year. equities research analysts anticipate that Ascena Retail Group will post -0.06 earnings per share for the current year.

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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.

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

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