L Brands (NYSE:LB) issued an update on its FY 2018 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.60-2.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.63. L Brands also updated its Q4 guidance to $1.90-2.10 EPS.

Shares of NYSE:LB opened at $28.43 on Wednesday. The company has a market cap of $9.50 billion, a P/E ratio of 8.88, a P/E/G ratio of 1.14 and a beta of 0.33. L Brands has a 12-month low of $25.89 and a 12-month high of $63.10.

L Brands (NYSE:LB) last announced its earnings results on Monday, November 19th. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.70 billion. L Brands had a negative return on equity of 83.62% and a net margin of 5.81%. L Brands’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. As a group, research analysts forecast that L Brands will post 2.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 23rd will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, November 21st. This represents a $2.40 annualized dividend and a dividend yield of 8.44%. L Brands’s payout ratio is 75.00%.

LB has been the topic of several analyst reports. Bank of America raised L Brands from an underperform rating to a neutral rating and lifted their target price for the company from $26.00 to $33.00 in a research report on Tuesday, September 18th. Wells Fargo & Co raised L Brands from a market perform rating to an outperform rating and lifted their target price for the company from $30.00 to $55.00 in a research report on Monday, November 12th. ValuEngine raised L Brands from a strong sell rating to a sell rating in a research report on Saturday, September 22nd. Goldman Sachs Group initiated coverage on L Brands in a research report on Thursday, October 25th. They set a buy rating and a $36.00 target price on the stock. Finally, Zacks Investment Research cut L Brands from a hold rating to a sell rating in a research report on Tuesday, August 7th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $38.16.

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About L Brands

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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