Ascena Retail Group, Inc. (ASNA) Set to Announce Quarterly Earnings on Wednesday

Ascena Retail Group, Inc. (NASDAQ:ASNA) is set to issue its quarterly earnings data after the market closes on Wednesday, November 29th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Ascena Retail Group has set its FY17 guidance at $0.08-0.13 EPS.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Monday, September 25th. The specialty retailer reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, analysts expect Ascena Retail Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) opened at $2.16 on Wednesday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.52 and a current ratio of 1.20. The firm has a market cap of $441.02, a PE ratio of 10.71 and a beta of 1.87. Ascena Retail Group, Inc. has a 52 week low of $1.65 and a 52 week high of $8.19.

ASNA has been the topic of several research analyst reports. BidaskClub raised shares of Ascena Retail Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Royal Bank Of Canada decreased their price objective on shares of Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating on the stock in a research note on Friday, October 6th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $3.50.

ILLEGAL ACTIVITY NOTICE: “Ascena Retail Group, Inc. (ASNA) Set to Announce Quarterly Earnings on Wednesday” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/11/22/ascena-retail-group-inc-asna-set-to-announce-quarterly-earnings-on-wednesday.html.

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)

Receive News & Ratings for Ascena Retail Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply