Wall Street brokerages expect Ascena Retail Group (NASDAQ:ASNA) to announce sales of $1.48 billion for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Ascena Retail Group’s earnings, with the lowest sales estimate coming in at $1.48 billion and the highest estimate coming in at $1.49 billion. Ascena Retail Group posted sales of $1.57 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 5.7%. The company is expected to issue its next quarterly earnings report on Thursday, June 14th.
On average, analysts expect that Ascena Retail Group will report full-year sales of $1.48 billion for the current financial year, with estimates ranging from $6.27 billion to $6.37 billion. For the next financial year, analysts forecast that the firm will post sales of $6.28 billion per share, with estimates ranging from $6.20 billion to $6.36 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Ascena Retail Group.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, March 5th. The specialty retailer reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted ($0.07) EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year.
NASDAQ ASNA remained flat at $$2.18 during mid-day trading on Wednesday. 807,422 shares of the company traded hands, compared to its average volume of 1,964,108. Ascena Retail Group has a twelve month low of $1.65 and a twelve month high of $4.13. The company has a current ratio of 1.29, a quick ratio of 0.64 and a debt-to-equity ratio of 2.26. The firm has a market cap of $427.70, a P/E ratio of 9.91 and a beta of 1.74.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its holdings in Ascena Retail Group by 298.9% during the 4th quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock worth $116,000 after acquiring an additional 36,884 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Ascena Retail Group during the 3rd quarter worth $133,000. Crossmark Global Holdings Inc. purchased a new position in Ascena Retail Group during the 3rd quarter worth $172,000. Stone Ridge Asset Management LLC purchased a new position in Ascena Retail Group during the 4th quarter worth $181,000. Finally, Wedge Capital Management L L P NC purchased a new position in Ascena Retail Group during the 4th quarter worth $250,000. 91.64% of the stock is owned by institutional investors and hedge funds.
WARNING: This piece was posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3344174/1-48-billion-in-sales-expected-for-ascena-retail-group-asna-this-quarter.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 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.