Brokerages forecast that Ascena Retail Group, Inc. (NASDAQ:ASNA) will announce earnings per share of $0.11 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ascena Retail Group’s earnings. Ascena Retail Group reported earnings per share of $0.18 in the same quarter last year, which would indicate a negative year-over-year growth rate of 38.9%. The company is expected to announce its next quarterly earnings results on Thursday, December 7th.
Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ascena Retail Group.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, September 25th. The specialty retailer reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.57 billion. Ascena Retail Group had a positive return on equity of 3.13% and a negative net margin of 16.05%. Ascena Retail Group’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS.
A number of brokerages have issued reports on ASNA. KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a research note on Thursday. B. Riley restated a “neutral” rating on shares of Ascena Retail Group in a research note on Wednesday, November 1st. ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, FBR & Co set a $3.00 price objective on Ascena Retail Group and gave the company a “hold” rating in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The company has an average rating of “Hold” and an average price target of $3.50.
Ascena Retail Group (ASNA) traded up $0.15 during midday trading on Wednesday, reaching $2.25. The company had a trading volume of 1,883,033 shares, compared to its average volume of 3,176,000. The stock has a market cap of $411.62, a price-to-earnings ratio of 9.29 and a beta of 1.87. Ascena Retail Group has a twelve month low of $1.65 and a twelve month high of $8.19. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.20 and a quick ratio of 0.52.
Several hedge funds have recently bought and sold shares of ASNA. Boothbay Fund Management LLC bought a new position in shares of Ascena Retail Group during the 3rd quarter worth $133,000. Virtu KCG Holdings LLC boosted its stake in Ascena Retail Group by 47.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 21,823 shares during the period. M&T Bank Corp boosted its stake in Ascena Retail Group by 2.3% in the 2nd quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock worth $168,000 after purchasing an additional 1,739 shares during the period. Crossmark Global Holdings Inc. bought a new position in Ascena Retail Group in the 3rd quarter worth about $172,000. Finally, Stevens Capital Management LP boosted its stake in Ascena Retail Group by 230.3% in the 3rd quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock worth $188,000 after purchasing an additional 53,622 shares during the period. Institutional investors own 94.88% of the company’s stock.
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About Ascena Retail Group
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.
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