L Brands (NYSE:LB) will be releasing its earnings data after the market closes on Wednesday, May 22nd.
L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, February 27th. The specialty retailer reported $2.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.08. L Brands had a negative return on equity of 73.73% and a net margin of 4.86%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the company earned $2.11 earnings per share. L Brands’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts expect L Brands to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE:LB opened at $22.31 on Tuesday. L Brands has a 1 year low of $21.70 and a 1 year high of $38.14. The firm has a market cap of $6.18 billion, a P/E ratio of 7.91, a PEG ratio of 0.87 and a beta of 0.51.
Several brokerages recently issued reports on LB. Wells Fargo & Co set a $42.00 price objective on L Brands and gave the stock a “buy” rating in a report on Thursday, February 28th. B. Riley cut their price objective on L Brands from $44.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, February 21st. DA Davidson cut their price objective on L Brands to $26.00 and set a “neutral” rating for the company in a report on Friday, March 1st. Odeon Capital Group initiated coverage on L Brands in a report on Friday, April 26th. They set a “buy” rating for the company. Finally, UBS Group increased their target price on shares of L Brands from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $33.35.
L Brands Company Profile
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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