L Brands (NYSE:LB) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.15-0.20 for the period, compared to the Thomson Reuters consensus estimate of $0.31. L Brands also updated its FY19 guidance to $2.95-3.25 EPS.
L Brands (LB) traded up $1.15 on Wednesday, hitting $49.33. The stock had a trading volume of 5,884,086 shares, compared to its average volume of 4,500,899. The company has a current ratio of 1.45, a quick ratio of 0.60 and a debt-to-equity ratio of -5.10. The stock has a market cap of $14,100.00, a price-to-earnings ratio of 15.04, a PEG ratio of 1.25 and a beta of 0.61. L Brands has a 12-month low of $35.00 and a 12-month high of $63.10.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Thursday, February 22nd. L Brands’s dividend payout ratio is presently 73.17%.
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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