$0.29 EPS Expected for L Brands, Inc. (LB) This Quarter

Equities analysts predict that L Brands, Inc. (NYSE:LB) will post $0.29 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for L Brands’ earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.25. L Brands posted earnings per share of $0.42 in the same quarter last year, which suggests a negative year over year growth rate of 31%. The company is scheduled to issue 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 fiscal year, with EPS estimates ranging from $2.95 to $3.37. For the next year, analysts expect that the company will post earnings of $3.18 per share, with EPS estimates ranging from $2.10 to $3.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover L Brands.

L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, August 16th. The specialty retailer reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.75 billion. L Brands had a negative return on equity of 103.18% and a net margin of 8.04%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.70 earnings per share.

Several research analysts have recently issued reports on LB shares. Jefferies Group LLC set a $30.00 price objective on shares of L Brands and gave the stock a “sell” rating in a report on Monday, August 28th. FBR & Co restated an “outperform” rating and set a $60.00 price objective on shares of L Brands in a report on Thursday, July 27th. Credit Suisse Group set a $47.00 price objective on shares of L Brands and gave the stock a “hold” rating in a report on Wednesday, July 19th. Vetr upgraded shares of L Brands from a “strong sell” rating to a “sell” rating and set a $46.89 price objective on the stock in a report on Monday, June 5th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $55.00 price objective (up previously from $54.00) on shares of L Brands in a report on Tuesday, June 6th. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $47.46.

L Brands (NYSE LB) traded up 0.32% during trading on Wednesday, reaching $40.54. The company had a trading volume of 5,677,680 shares. L Brands has a 12-month low of $35.00 and a 12-month high of $75.94. The firm has a 50-day moving average price of $39.52 and a 200 day moving average price of $47.17. The stock has a market cap of $11.51 billion, a P/E ratio of 11.90 and a beta of 0.65.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.92%. L Brands’s payout ratio is 70.38%.

COPYRIGHT VIOLATION WARNING: “$0.29 EPS Expected for L Brands, Inc. (LB) This Quarter” was first reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://transcriptdaily.com/2017/09/16/0-29-eps-expected-for-l-brands-inc-lb-this-quarter.html.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aviva PLC lifted its holdings in L Brands by 5.7% in the second quarter. Aviva PLC now owns 140,599 shares of the specialty retailer’s stock valued at $7,578,000 after buying an additional 7,635 shares during the period. Swiss National Bank lifted its holdings in L Brands by 2.8% in the second quarter. Swiss National Bank now owns 885,489 shares of the specialty retailer’s stock valued at $47,719,000 after buying an additional 24,300 shares during the period. Victory Capital Management Inc. lifted its holdings in L Brands by 14.3% in the second quarter. Victory Capital Management Inc. now owns 95,421 shares of the specialty retailer’s stock valued at $5,142,000 after buying an additional 11,967 shares during the period. Coronation Fund Managers Ltd. lifted its holdings in L Brands by 18.1% in the second quarter. Coronation Fund Managers Ltd. now owns 965,759 shares of the specialty retailer’s stock valued at $52,045,000 after buying an additional 148,076 shares during the period. Finally, US Bancorp DE lifted its holdings in L Brands by 11.4% in the second quarter. US Bancorp DE now owns 14,761 shares of the specialty retailer’s stock valued at $796,000 after buying an additional 1,514 shares during the period. Institutional investors and hedge funds own 79.54% 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.

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

Earnings History and Estimates for L Brands (NYSE:LB)

Receive News & Ratings for L Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply