$0.29 Earnings Per Share Expected for L Brands, Inc. (LB) This Quarter
Equities analysts predict that L Brands, Inc. (NYSE:LB) will post earnings of $0.29 per share for the current quarter, Zacks reports. Nine analysts have issued estimates for L Brands’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.39. L Brands reported earnings of $0.42 per share during the same quarter last year, which indicates a negative year over year growth rate of 31%. The firm is scheduled to issue its next earnings report on Wednesday, November 15th.
According to Zacks, analysts expect that L Brands will report full year earnings of $3.14 per share for the current year, with EPS estimates ranging from $2.95 to $3.37. For the next year, analysts anticipate that the company will post earnings of $3.18 per share, with EPS estimates ranging from $2.10 to $3.65. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for L Brands.
L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, August 16th. The specialty retailer reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.75 billion. L Brands had a negative return on equity of 103.18% and a net margin of 8.04%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share.
A number of research analysts recently weighed in on LB shares. Jefferies Group LLC set a $30.00 price target on L Brands and gave the stock a “sell” rating in a research note on Monday, August 28th. FBR & Co reissued an “outperform” rating and set a $60.00 price objective on shares of L Brands in a report on Wednesday, May 31st. Robert W. Baird reissued a “hold” rating and set a $44.00 price objective on shares of L Brands in a report on Friday, September 1st. Buckingham Research decreased their price objective on L Brands from $62.00 to $52.00 and set a “buy” rating for the company in a report on Friday, August 4th. Finally, Cowen and Company reissued a “buy” rating and set a $56.00 price objective on shares of L Brands in a report on Tuesday, July 4th. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $47.46.
L Brands (LB) traded up 2.82% on Wednesday, reaching $40.47. The company’s stock had a trading volume of 6,244,143 shares. The firm’s 50-day moving average price is $39.95 and its 200 day moving average price is $47.35. L Brands has a 52-week low of $35.00 and a 52-week high of $75.94. The company has a market cap of $11.49 billion, a P/E ratio of 11.88 and a beta of 0.65.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.40 annualized dividend and a dividend yield of 5.93%. L Brands’s dividend payout ratio is currently 70.38%.
Large investors have recently bought and sold shares of the business. Aviva PLC lifted its position in shares of L Brands by 5.7% during the second quarter. Aviva PLC now owns 140,599 shares of the specialty retailer’s stock worth $7,578,000 after acquiring an additional 7,635 shares in the last quarter. Swiss National Bank lifted its position in shares of L Brands by 2.8% during the second quarter. Swiss National Bank now owns 885,489 shares of the specialty retailer’s stock worth $47,719,000 after acquiring an additional 24,300 shares in the last quarter. Coronation Fund Managers Ltd. lifted its position in shares of L Brands by 18.1% during the second quarter. Coronation Fund Managers Ltd. now owns 965,759 shares of the specialty retailer’s stock worth $52,045,000 after acquiring an additional 148,076 shares in the last quarter. US Bancorp DE lifted its position in shares of L Brands by 11.4% during the second quarter. US Bancorp DE now owns 14,761 shares of the specialty retailer’s stock worth $796,000 after acquiring an additional 1,514 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its position in shares of L Brands by 508.2% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 39,432 shares of the specialty retailer’s stock worth $2,125,000 after acquiring an additional 32,949 shares in the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.
L Brands Company Profile
L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.
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