Ascena Retail Group (NASDAQ:ASNA) issued its quarterly earnings data on Monday. The specialty retailer reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.11, Briefing.com reports. Ascena Retail Group had a negative net margin of 1.11% and a negative return on equity of 5.27%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. Ascena Retail Group’s revenue for the quarter was down .1% on a year-over-year basis. Ascena Retail Group updated its Q4 2019 guidance to EPS.
Shares of ASNA opened at $1.04 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.51 and a debt-to-equity ratio of 1.79. The firm has a market cap of $211.40 million, a price-to-earnings ratio of -52.00 and a beta of 1.39. Ascena Retail Group has a 12 month low of $0.93 and a 12 month high of $5.28.
ASNA has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. ValuEngine cut shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. B. Riley set a $2.00 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Friday, May 17th. Citigroup raised shares of Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 price target on the stock in a research report on Wednesday, April 3rd. Finally, BidaskClub raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.64.
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 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.
Featured Story: How to find the components of the quick ratio
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.