Equities analysts forecast that L Brands Inc (NYSE:LB) will post $2.02 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for L Brands’ earnings. The lowest EPS estimate is $1.97 and the highest is $2.10. L Brands reported earnings per share of $2.03 during the same quarter last year, which would indicate a negative year over year growth rate of 0.5%. The company is scheduled to announce its next earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that L Brands will report full-year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.20. For the next fiscal year, analysts forecast that the company will post earnings of $3.33 per share, with EPS estimates ranging from $2.15 to $3.80. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for L Brands.
L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share.
Several brokerages have recently issued reports on LB. Scotiabank reiterated a “hold” rating and set a $67.00 price target on shares of L Brands in a report on Wednesday, November 22nd. FBR & Co reiterated a “buy” rating and set a $58.00 price target on shares of L Brands in a report on Wednesday, October 4th. B. Riley set a $58.00 price target on shares of L Brands and gave the stock a “buy” rating in a report on Thursday, November 16th. Citigroup reiterated a “hold” rating and set a $58.00 price target on shares of L Brands in a report on Friday, January 5th. Finally, MKM Partners lowered their price target on shares of L Brands from $48.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, October 6th. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $51.63.
Shares of L Brands (NYSE:LB) traded up $1.35 during trading hours on Friday, hitting $52.04. 3,323,465 shares of the stock traded hands, compared to its average volume of 5,868,504. The firm has a market capitalization of $14,690.00, a P/E ratio of 15.87, a PEG ratio of 1.41 and a beta of 0.81. The company has a quick ratio of 0.60, a current ratio of 1.45 and a debt-to-equity ratio of -5.10. L Brands has a 52 week low of $35.00 and a 52 week high of $63.10.
In other news, Director David T. Kollat purchased 9,910 shares of the business’s stock in a transaction on Monday, November 20th. The shares were acquired at an average price of $50.34 per share, with a total value of $498,869.40. Following the completion of the transaction, the director now owns 158,878 shares of the company’s stock, valued at approximately $7,997,918.52. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.68% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC boosted its position in shares of L Brands by 43.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,546 shares of the specialty retailer’s stock worth $333,000 after purchasing an additional 1,668 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of L Brands by 43.7% during the 4th quarter. State of Alaska Department of Revenue now owns 34,100 shares of the specialty retailer’s stock worth $2,051,000 after purchasing an additional 10,370 shares in the last quarter. BKD Wealth Advisors LLC boosted its position in shares of L Brands by 12.3% during the 4th quarter. BKD Wealth Advisors LLC now owns 19,619 shares of the specialty retailer’s stock worth $1,181,000 after purchasing an additional 2,154 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of L Brands by 5.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 953,657 shares of the specialty retailer’s stock worth $57,430,000 after purchasing an additional 46,142 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of L Brands by 37.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,500 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 1,500 shares in the last quarter. 78.75% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Analysts Anticipate L Brands Inc (LB) to Post $2.02 EPS” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/22/analysts-anticipate-l-brands-inc-lb-to-post-2-02-eps.html.
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.
Get a free copy of the Zacks research report on L Brands (LB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for L Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands and related companies with MarketBeat.com's FREE daily email newsletter.