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.
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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