Ascena Retail Group (NASDAQ:ASNA) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share guidance of ($0.12-0.07) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.07). The company issued revenue guidance of $1.62-1.66 billion, compared to the consensus revenue estimate of $1.66 billion.

Ascena Retail Group (NASDAQ ASNA) opened at $2.10 on Wednesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.20 and a quick ratio of 0.52. The stock has a market cap of $511.66, a PE ratio of 18.64 and a beta of 1.96. Ascena Retail Group has a 12 month low of $1.65 and a 12 month high of $8.19.

Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.32%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm posted $0.18 EPS. Ascena Retail Group’s revenue for the quarter was down 5.3% on a year-over-year basis. analysts anticipate that Ascena Retail Group will post 0.23 earnings per share for the current year.

Several brokerages recently commented on ASNA. B. Riley reissued a neutral rating on shares of Ascena Retail Group in a research report on Wednesday, November 1st. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the company a hold rating in a research report on Tuesday, August 15th. BidaskClub raised shares of Ascena Retail Group from a hold rating to a buy rating in a report on Saturday. KeyCorp reaffirmed a hold rating on shares of Ascena Retail Group in a report on Thursday, November 16th. Finally, Zacks Investment Research raised shares of Ascena Retail Group from a sell rating to a hold rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Ascena Retail Group currently has a consensus rating of Hold and a consensus price target of $3.36.

WARNING: “Ascena Retail Group (ASNA) Updates Q2 Earnings Guidance” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at

Ascena Retail Group Company Profile

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.

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

Receive News & Stock Ratings for Ascena Retail Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group Inc and related stocks with our FREE daily email newsletter.