Wall Street brokerages forecast that L Brands Inc (NYSE:LB) will announce $1.98 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for L Brands’ earnings, with the highest EPS estimate coming in at $2.11 and the lowest estimate coming in at $1.73. L Brands reported earnings of $2.11 per share during the same quarter last year, which suggests a negative year over year growth rate of 6.2%. The firm is expected to report its next quarterly earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that L Brands will report full-year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.77. For the next financial year, analysts forecast that the business will post earnings of $2.63 per share, with EPS estimates ranging from $1.94 to $3.06. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow L Brands.

L Brands (NYSE:LB) last issued its quarterly earnings results on Monday, November 19th. The specialty retailer reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. L Brands had a negative return on equity of 83.62% and a net margin of 5.81%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year.

Several brokerages recently weighed in on LB. Zacks Investment Research cut L Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Barclays decreased their target price on L Brands from $33.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, August 23rd. Morgan Stanley cut L Brands from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $56.00 to $32.00 in a research note on Thursday, August 23rd. Bank of America raised L Brands from an “underperform” rating to a “neutral” rating and raised their target price for the company from $26.00 to $33.00 in a research note on Tuesday, September 18th. Finally, JPMorgan Chase & Co. decreased their target price on L Brands from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, August 10th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $38.39.

LB stock traded up $0.83 during trading hours on Wednesday, hitting $29.26. 542,596 shares of the stock traded hands, compared to its average volume of 5,225,848. L Brands has a one year low of $25.89 and a one year high of $63.10. The stock has a market capitalization of $9.50 billion, a P/E ratio of 9.14, a P/E/G ratio of 1.14 and a beta of 0.33.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 23rd will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.20%. L Brands’s dividend payout ratio (DPR) is 75.00%.

Large investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC purchased a new stake in L Brands in the 2nd quarter worth about $104,000. Gradient Investments LLC purchased a new stake in L Brands in the 2nd quarter worth about $109,000. Private Capital Group LLC lifted its stake in L Brands by 6,777.3% in the 2nd quarter. Private Capital Group LLC now owns 3,026 shares of the specialty retailer’s stock worth $111,000 after acquiring an additional 2,982 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in L Brands in the 3rd quarter worth about $130,000. Finally, USAdvisors Wealth Management LLC purchased a new stake in L Brands in the 3rd quarter worth about $208,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

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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Earnings History and Estimates for L Brands (NYSE:LB)

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