ASOS (LON:ASC) Releases Earnings Results, Beats Estimates By $0.50 EPS

ASOS (LON:ASC) posted its quarterly earnings data on Wednesday, April 10th. The company reported GBX 3.60 ($0.05) EPS for the quarter, topping the consensus estimate of GBX 3.10 ($0.04) by GBX 0.50 ($0.01), Digital Look Earnings reports.

ASC traded up GBX 105 ($1.37) during midday trading on Friday, hitting GBX 3,977 ($51.97). 323,710 shares of the company traded hands, compared to its average volume of 293,510. The company has a quick ratio of 0.11, a current ratio of 0.85 and a debt-to-equity ratio of 12.69. The company has a market cap of $3.33 billion and a price-to-earnings ratio of 54.86. ASOS has a 52-week low of GBX 2,114 ($27.62) and a 52-week high of GBX 6,896 ($90.11).

ASC has been the topic of a number of recent analyst reports. Goldman Sachs Group cut their price target on shares of ASOS from GBX 7,900 ($103.23) to GBX 4,000 ($52.27) and set a “buy” rating on the stock in a research note on Wednesday, January 9th. HSBC restated a “buy” rating on shares of ASOS in a research note on Thursday, January 10th. UBS Group cut their price target on shares of ASOS from GBX 7,500 ($98.00) to GBX 3,500 ($45.73) and set a “buy” rating on the stock in a research note on Tuesday, January 22nd. Peel Hunt restated a “buy” rating on shares of ASOS in a research note on Tuesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of ASOS in a report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 4,621.59 ($60.39).

In other ASOS news, insider Nicholas Robertson sold 410,000 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of GBX 3,722 ($48.63), for a total transaction of £15,260,200 ($19,940,154.19).

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About ASOS

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.

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