Ascena Retail Group (NASDAQ:ASNA) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ($0.04)-0.06 for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $1.54-1.56 billion, compared to the consensus revenue estimate of $1.51 billion.Ascena Retail Group also updated its FY19 guidance to $0.00-0.10 EPS.
Ascena Retail Group stock traded down $0.28 during midday trading on Wednesday, reaching $4.27. The stock had a trading volume of 2,410,600 shares, compared to its average volume of 2,363,671. Ascena Retail Group has a 12 month low of $1.79 and a 12 month high of $5.28. The firm has a market capitalization of $897.43 million, a price-to-earnings ratio of -215.00 and a beta of 1.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.25 and a quick ratio of 0.55.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, September 24th. The specialty retailer reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.62 billion. Ascena Retail Group had a negative return on equity of 0.59% and a negative net margin of 0.60%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. On average, sell-side analysts expect that Ascena Retail Group will post 0.07 EPS for the current year.
About Ascena Retail Group
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 six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.
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