L Brands, Inc. (LB) Expected to Announce Earnings of $0.29 Per Share
Wall Street analysts expect L Brands, Inc. (NYSE:LB) to report $0.29 earnings per share (EPS) for the current quarter, according to Zacks. Nine analysts have issued estimates for L Brands’ earnings. The highest EPS estimate is $0.39 and the lowest is $0.25. L Brands reported earnings of $0.42 per share in the same quarter last year, which indicates a negative year over year growth rate of 31%. The business is scheduled to report its next quarterly earnings report on Wednesday, November 15th.
On average, analysts expect that L Brands will report full-year earnings of $3.14 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.37. For the next financial year, analysts expect that the business will post earnings of $3.18 per share, with EPS estimates ranging from $2.10 to $3.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for L Brands.
L Brands (NYSE:LB) last issued its earnings results on Wednesday, August 16th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. L Brands had a net margin of 8.04% and a negative return on equity of 103.04%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter last year, the business earned $0.70 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis.
LB has been the topic of a number of recent research reports. Deutsche Bank AG dropped their price target on L Brands from $62.00 to $61.00 and set a “buy” rating on the stock in a research report on Monday, May 15th. Vetr raised L Brands from a “hold” rating to a “buy” rating and set a $53.02 price target on the stock in a research report on Thursday, May 11th. Oppenheimer Holdings, Inc. set a $62.00 price target on L Brands and gave the stock a “buy” rating in a research report on Thursday, May 4th. FBR & Co set a $60.00 price target on L Brands and gave the stock a “buy” rating in a research report on Thursday, May 18th. Finally, Cowen and Company reissued a “buy” rating and set a $56.00 price target on shares of L Brands in a research report on Tuesday, July 4th. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company’s stock. L Brands has an average rating of “Hold” and an average price target of $48.58.
Shares of L Brands (NYSE:LB) traded up 0.44% on Friday, hitting $36.22. 4,525,145 shares of the stock traded hands. L Brands has a 52-week low of $35.00 and a 52-week high of $77.54. The firm has a 50 day moving average price of $42.41 and a 200 day moving average price of $49.04. The firm has a market cap of $10.39 billion, a PE ratio of 10.63 and a beta of 0.62.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend is Wednesday, August 16th. L Brands’s payout ratio is 70.38%.
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Several hedge funds and other institutional investors have recently made changes to their positions in LB. Breton Hill Capital Ltd. boosted its position in shares of L Brands by 32.5% in the first quarter. Breton Hill Capital Ltd. now owns 20,752 shares of the specialty retailer’s stock valued at $977,000 after buying an additional 5,094 shares during the last quarter. IFP Advisors Inc boosted its position in shares of L Brands by 20.2% in the first quarter. IFP Advisors Inc now owns 3,152 shares of the specialty retailer’s stock valued at $148,000 after buying an additional 529 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of L Brands during the first quarter valued at about $11,116,000. New Jersey Better Educational Savings Trust purchased a new position in shares of L Brands during the first quarter valued at about $377,000. Finally, Strs Ohio boosted its position in shares of L Brands by 5.1% in the first quarter. Strs Ohio now owns 13,292 shares of the specialty retailer’s stock valued at $626,000 after buying an additional 648 shares during the last quarter. Hedge funds and other institutional investors own 78.71% 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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