Ascena Retail Group (NASDAQ:ASNA) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $-0.23-0.28 for the period, compared to the Thomson Reuters consensus estimate of ($0.19).

Shares of NASDAQ ASNA opened at $3.26 on Monday. Ascena Retail Group has a 1 year low of $1.79 and a 1 year high of $5.28. The company has a market cap of $641.67 million, a P/E ratio of -163.00 and a beta of 1.60. The company has a current ratio of 1.28, a quick ratio of 0.45 and a debt-to-equity ratio of 1.64.

Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Monday, December 10th. The specialty retailer reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. Ascena Retail Group had a negative net margin of 0.61% and a negative return on equity of 1.70%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the business earned $0.11 earnings per share. Ascena Retail Group’s revenue was up .1% compared to the same quarter last year. Sell-side analysts anticipate that Ascena Retail Group will post 0.07 earnings per share for the current year.

A number of equities analysts have weighed in on ASNA shares. BidaskClub downgraded shares of Ascena Retail Group from a buy rating to a hold rating in a research note on Saturday, September 22nd. Citigroup increased their price target on shares of Ascena Retail Group from $1.50 to $2.00 and gave the stock a sell rating in a research note on Wednesday, September 26th. Zacks Investment Research raised shares of Ascena Retail Group from a hold rating to a buy rating and set a $5.25 price target on the stock in a research note on Tuesday, October 16th. B. Riley reaffirmed a neutral rating on shares of Ascena Retail Group in a research note on Wednesday, November 14th. Finally, Telsey Advisory Group cut their price target on shares of Ascena Retail Group from $5.00 to $4.00 and set a market perform rating on the stock in a research note on Tuesday, December 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $3.81.

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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.

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

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