Equities analysts expect that L Brands Inc (NYSE:LB) will post earnings per share (EPS) of $0.19 for the current quarter, according to Zacks. Nine analysts have made estimates for L Brands’ earnings, with estimates ranging from $0.15 to $0.23. L Brands posted earnings per share of $0.36 in the same quarter last year, which would suggest a negative year-over-year growth rate of 47.2%. The firm is scheduled to issue its next earnings results on Wednesday, August 28th.
On average, analysts expect that L Brands will report full-year earnings of $2.41 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.57. For the next year, analysts expect that the business will post earnings of $2.56 per share, with EPS estimates ranging from $1.50 to $2.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for L Brands.
L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, May 22nd. The specialty retailer reported $0.14 earnings per share for the quarter. L Brands had a negative return on equity of 74.29% and a net margin of 4.81%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $0.17 earnings per share. The business’s revenue was up .1% on a year-over-year basis.
Several research firms have recently issued reports on LB. Wells Fargo & Co set a $35.00 target price on L Brands and gave the company an “outperform” rating in a research note on Thursday, May 23rd. UBS Group boosted their target price on L Brands from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Odeon Capital Group began coverage on L Brands in a research note on Friday, April 26th. They set a “buy” rating on the stock. Zacks Investment Research cut L Brands from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Finally, Bank of America set a $30.00 target price on L Brands and gave the company a “hold” rating in a research note on Thursday, May 23rd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.96.
A number of hedge funds have recently modified their holdings of the stock. American International Group Inc. grew its stake in shares of L Brands by 25.4% in the fourth quarter. American International Group Inc. now owns 12,224,858 shares of the specialty retailer’s stock worth $313,812,000 after acquiring an additional 2,472,416 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of L Brands by 47.0% in the fourth quarter. Bank of New York Mellon Corp now owns 7,464,698 shares of the specialty retailer’s stock worth $191,619,000 after acquiring an additional 2,385,201 shares during the last quarter. Norges Bank purchased a new stake in shares of L Brands in the fourth quarter worth $60,190,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of L Brands in the first quarter worth $28,618,000. Finally, Menora Mivtachim Holdings LTD. purchased a new stake in shares of L Brands in the first quarter worth $20,685,000. 69.08% of the stock is currently owned by institutional investors.
Shares of LB stock opened at $27.79 on Tuesday. L Brands has a fifty-two week low of $21.44 and a fifty-two week high of $38.00. The company has a 50 day moving average of $23.83. The company has a market capitalization of $7.65 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.05 and a beta of 0.68.
The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.20 annualized dividend and a yield of 4.32%. L Brands’s payout ratio is 42.55%.
L Brands Company Profile
L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.
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