Ascena Retail Group (ASNA) Updates FY19 Earnings Guidance
Ascena Retail Group (NASDAQ:ASNA) issued an update on its FY19 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.00-0.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.08. The company issued revenue guidance of $6.45-6.55 billion, compared to the consensus revenue estimate of $6.22 billion.Ascena Retail Group also updated its Q1 guidance to ($0.04)-0.06 EPS.
Shares of NASDAQ:ASNA opened at $4.48 on Wednesday. Ascena Retail Group has a one year low of $1.69 and a one year high of $5.28. The firm has a market cap of $786.82 million, a PE ratio of -224.00 and a beta of 1.70. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.28 and a quick ratio of 0.57.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Monday, September 24th. The specialty retailer reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Ascena Retail Group had a negative return on equity of 0.59% and a negative net margin of 0.60%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm earned $0.05 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. equities research analysts expect that Ascena Retail Group will post 0.08 EPS for the current year.
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.
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