Analysts expect that L Brands Inc (NYSE:LB) will announce sales of $2.70 billion for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for L Brands’ earnings. The highest sales estimate is $2.77 billion and the lowest is $2.62 billion. L Brands posted sales of $2.77 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.5%. The business is expected to announce its next quarterly earnings report on Monday, November 18th.

On average, analysts expect that L Brands will report full year sales of $13.09 billion for the current financial year, with estimates ranging from $12.71 billion to $13.26 billion. For the next financial year, analysts anticipate that the firm will post sales of $13.32 billion, with estimates ranging from $12.26 billion to $13.83 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow L Brands.

L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, August 21st. The specialty retailer reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.95 billion. L Brands had a negative return on equity of 74.73% and a net margin of 4.37%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS.

LB has been the subject of several research reports. UBS Group cut their price target on L Brands from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday. Telsey Advisory Group cut their price target on L Brands from $24.00 to $22.00 and set a “market perform” rating for the company in a research note on Friday, August 23rd. Credit Suisse Group reiterated a “hold” rating and set a $22.00 price target on shares of L Brands in a research note on Thursday. DA Davidson set a $20.00 price target on L Brands and gave the stock a “hold” rating in a research note on Friday, August 23rd. Finally, Bank of America set a $30.00 price target on L Brands and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the stock. L Brands currently has an average rating of “Hold” and an average target price of $26.43.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Empirical Finance LLC raised its holdings in shares of L Brands by 1.1% in the 2nd quarter. Empirical Finance LLC now owns 39,800 shares of the specialty retailer’s stock valued at $1,039,000 after acquiring an additional 423 shares in the last quarter. State Treasurer State of Michigan raised its holdings in shares of L Brands by 0.8% in the 1st quarter. State Treasurer State of Michigan now owns 65,844 shares of the specialty retailer’s stock valued at $1,816,000 after acquiring an additional 500 shares in the last quarter. Van Hulzen Asset Management LLC raised its holdings in shares of L Brands by 0.9% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 56,949 shares of the specialty retailer’s stock valued at $1,486,000 after acquiring an additional 505 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of L Brands by 2.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 24,259 shares of the specialty retailer’s stock valued at $633,000 after acquiring an additional 542 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in shares of L Brands by 2.2% in the 1st quarter. Wealthfront Advisers LLC now owns 25,486 shares of the specialty retailer’s stock valued at $703,000 after acquiring an additional 555 shares in the last quarter. Institutional investors and hedge funds own 70.07% of the company’s stock.

Shares of LB stock traded down $0.14 on Tuesday, hitting $18.87. 6,758,738 shares of the stock were exchanged, compared to its average volume of 7,589,115. The firm has a market capitalization of $5.25 billion, a PE ratio of 6.69, a P/E/G ratio of 0.68 and a beta of 0.76. L Brands has a one year low of $15.82 and a one year high of $38.00. The firm’s 50 day moving average is $20.53 and its two-hundred day moving average is $24.22.

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a $0.30 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $1.20 annualized dividend and a yield of 6.36%. L Brands’s dividend payout ratio is currently 42.55%.

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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