Analysts Expect L Brands Inc (NYSE:LB) to Announce $0.19 Earnings Per Share

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Equities research analysts forecast that L Brands Inc (NYSE:LB) will post earnings of $0.19 per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for L Brands’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.15. L Brands posted earnings per share of $0.36 in the same quarter last year, which would suggest a negative year over year growth rate of 47.2%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 28th.

According to Zacks, analysts expect that L Brands will report full-year earnings of $2.41 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.57. For the next financial year, analysts forecast that the company will post earnings of $2.56 per share, with EPS estimates ranging from $1.50 to $2.95. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for L Brands.

L Brands (NYSE:LB) last announced its quarterly earnings results on Wednesday, May 22nd. The specialty retailer reported $0.14 EPS for the quarter. L Brands had a negative return on equity of 74.29% and a net margin of 4.81%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis.

Several equities research analysts have recently commented on LB shares. Zacks Investment Research downgraded L Brands from a “hold” rating to a “sell” rating in a report on Monday, May 13th. UBS Group boosted their price objective on L Brands from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Credit Suisse Group dropped their price target on L Brands from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, February 28th. Bank of America set a $30.00 price target on L Brands and gave the company a “hold” rating in a research report on Thursday, May 23rd. Finally, Wells Fargo & Co set a $35.00 price objective on L Brands and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.96.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV increased its stake in L Brands by 4.3% in the fourth quarter. KBC Group NV now owns 54,545 shares of the specialty retailer’s stock valued at $1,401,000 after purchasing an additional 2,242 shares during the period. Dupont Capital Management Corp lifted its position in shares of L Brands by 38.8% in the 4th quarter. Dupont Capital Management Corp now owns 3,935 shares of the specialty retailer’s stock worth $101,000 after buying an additional 1,101 shares during the last quarter. TD Asset Management Inc. lifted its position in shares of L Brands by 145.1% in the 4th quarter. TD Asset Management Inc. now owns 289,555 shares of the specialty retailer’s stock worth $7,433,000 after buying an additional 171,417 shares during the last quarter. ETF Managers Group LLC lifted its position in L Brands by 20.3% in the 4th quarter. ETF Managers Group LLC now owns 3,545 shares of the specialty retailer’s stock valued at $91,000 after purchasing an additional 597 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in L Brands by 7.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,934 shares of the specialty retailer’s stock valued at $229,000 after buying an additional 600 shares during the period. 69.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LB traded up $0.13 during mid-day trading on Friday, reaching $22.34. 190,043 shares of the company were exchanged, compared to its average volume of 5,793,443. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 0.83 and a beta of 0.58. L Brands has a 52 week low of $21.44 and a 52 week high of $38.00.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Thursday, May 30th. L Brands’s payout ratio is presently 42.55%.

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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