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.

A number of equities research analysts have recently commented on ASNA shares. BidaskClub upgraded Ascena Retail Group from a buy rating to a strong-buy rating in a research report on Wednesday, August 15th. Zacks Investment Research downgraded Ascena Retail Group from a buy rating to a hold rating in a research report on Tuesday, August 7th. B. Riley increased their price objective on Ascena Retail Group from $3.50 to $4.50 and gave the company a neutral rating in a research report on Wednesday, August 15th. Finally, Guggenheim reiterated a hold rating on shares of Ascena Retail Group in a research report on Tuesday, June 5th. Eight equities research analysts have rated the stock with a hold rating, Ascena Retail Group presently has an average rating of Hold and a consensus price target of $3.69.

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

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