Equities analysts expect L Brands Inc (NYSE:LB) to announce earnings per share (EPS) of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for L Brands’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.15. L Brands posted earnings per share of $0.30 in the same quarter last year, which suggests a negative year over year growth rate of 50%. The firm is expected to issue its next earnings report after the market closes on Monday, November 19th.
According to Zacks, analysts expect that L Brands will report full-year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.82. For the next year, analysts expect that the business will report earnings of $2.63 per share, with EPS estimates ranging from $1.94 to $3.05. Zacks Investment Research’s EPS 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 released its quarterly earnings results on Wednesday, August 22nd. The specialty retailer reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. L Brands had a negative return on equity of 84.14% and a net margin of 6.87%. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year.
A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on L Brands to $26.00 and set a “neutral” rating for the company in a report on Thursday, August 23rd. Barclays cut their price target on L Brands from $33.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, August 23rd. Robert W. Baird cut their price target on L Brands from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 23rd. Zacks Investment Research cut L Brands from a “buy” rating to a “hold” rating in a report on Monday. Finally, KeyCorp cut their price target on L Brands from $28.00 to $25.00 and set an “underweight” rating for the company in a report on Friday, August 24th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $37.69.
Shares of NYSE LB traded down $0.84 during trading on Wednesday, reaching $34.44. The company had a trading volume of 2,914,632 shares, compared to its average volume of 5,158,982. L Brands has a twelve month low of $25.89 and a twelve month high of $63.10. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 1.16 and a beta of 0.33.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date of this dividend is Wednesday, November 21st. L Brands’s dividend payout ratio (DPR) is presently 75.00%.
Hedge funds have recently bought and sold shares of the business. Piedmont Investment Advisors LLC acquired a new stake in shares of L Brands during the 2nd quarter valued at $104,000. Gradient Investments LLC purchased a new stake in shares of L Brands in the second quarter valued at $109,000. Private Capital Group LLC lifted its holdings in shares of L Brands by 6,777.3% in the second quarter. Private Capital Group LLC now owns 3,026 shares of the specialty retailer’s stock valued at $111,000 after purchasing an additional 2,982 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of L Brands in the third quarter valued at $130,000. Finally, USAdvisors Wealth Management LLC purchased a new stake in shares of L Brands in the third quarter valued at $208,000. 70.55% of the stock is owned by hedge funds and other institutional investors.
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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