ASOS (LON:ASC) Releases Quarterly Earnings Results, Beats Expectations By $21.80 EPS

ASOS (LON:ASC) announced its quarterly earnings data on Tuesday. The company reported GBX 27.60 ($0.36) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 5.80 ($0.08) by GBX 21.80 ($0.29), Bloomberg Earnings reports.

Shares of ASC stock traded up GBX 114 ($1.50) on Thursday, reaching GBX 2,114 ($27.81). 3,662,884 shares of the stock were exchanged, compared to its average volume of 293,510. The stock has a market cap of $1.79 billion and a PE ratio of 39.74. ASOS has a one year low of GBX 975.20 ($12.83) and a one year high of GBX 4,090 ($53.80). The company has a debt-to-equity ratio of 92.82, a current ratio of 0.83 and a quick ratio of 0.11. The stock has a 50 day moving average price of GBX 2,114.20 and a 200 day moving average price of GBX 2,855.66.

Several equities analysts recently commented on the company. Shore Capital restated a “hold” rating on shares of ASOS in a research report on Wednesday. Jefferies Financial Group upgraded ASOS to a “buy” rating and raised their target price for the stock from GBX 2,000 ($26.31) to GBX 2,300 ($30.26) in a research report on Wednesday. Berenberg Bank raised their target price on ASOS from GBX 2,500 ($32.89) to GBX 3,200 ($42.09) and gave the stock a “buy” rating in a research report on Thursday. Sanford C. Bernstein restated a “sell” rating and set a GBX 2,750 ($36.17) target price on shares of ASOS in a research report on Wednesday. Finally, Goldman Sachs Group raised their target price on ASOS from GBX 2,600 ($34.20) to GBX 2,800 ($36.83) and gave the stock a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 3,232.94 ($42.53).

In related news, insider Nick Beighton acquired 1,629 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of GBX 3,060 ($40.25) per share, with a total value of £49,847.40 ($65,571.43). Also, insider Ian Dyson acquired 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of GBX 3,164 ($41.62) per share, with a total value of £47,460 ($62,430.94).

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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