Ascena Retail Group (ASNA) Releases Q2 2019 Earnings Guidance

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Ascena Retail Group (NASDAQ:ASNA) updated its second quarter 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $-0.25–0.15 for the period. The company issued revenue guidance of $1.675-1.705 billion, compared to the consensus revenue estimate of $1.7 billion.Ascena Retail Group also updated its FY 2019 guidance to $0.00-0.10 EPS.

Several equities analysts have recently weighed in on the company. BidaskClub upgraded Ascena Retail Group from a buy rating to a strong-buy rating in a report on Wednesday, August 15th. B. Riley lifted their price objective on Ascena Retail Group from $3.50 to $4.50 and gave the company a neutral rating in a report on Wednesday, August 15th. Zacks Investment Research upgraded Ascena Retail Group from a hold rating to a buy rating and set a $5.25 price objective on the stock in a report on Tuesday, October 16th. Finally, Citigroup lifted their price objective on Ascena Retail Group from $1.50 to $2.00 and gave the company a sell rating in a report on Wednesday, September 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $3.81.

NASDAQ ASNA opened at $2.92 on Wednesday. The company has a market capitalization of $594.12 million, a price-to-earnings ratio of -146.00 and a beta of 1.62. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 1.66. Ascena Retail Group has a 52 week low of $1.79 and a 52 week high of $5.28.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Monday, December 10th. The specialty retailer reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Ascena Retail Group had a negative return on equity of 0.59% and a negative net margin of 0.60%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. As a group, equities analysts expect that Ascena Retail Group will post 0.07 EPS for the current year.

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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 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.

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

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