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

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Brokerages predict that L Brands Inc (NYSE:LB) will post $0.19 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for L Brands’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.23. L Brands posted earnings of $0.36 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 47.2%. The company is scheduled to issue its next quarterly earnings report 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 fiscal year, with EPS estimates ranging from $2.00 to $2.57. For the next fiscal 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 Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow L Brands.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, May 22nd. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter. L Brands had a net margin of 4.81% and a negative return on equity of 74.29%. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the company earned $0.17 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of L Brands from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Odeon Capital Group assumed coverage on shares of L Brands in a research note on Friday, April 26th. They set a “buy” rating for the company. Royal Bank of Canada set a $35.00 price objective on shares of L Brands and gave the company a “buy” rating in a research note on Friday, May 24th. Bank of America set a $30.00 price objective on shares of L Brands and gave the company a “hold” rating in a research note on Thursday, May 23rd. Finally, Loop Capital lowered their price objective on shares of L Brands to $20.00 and set a “sell” rating for the company in a research note on Wednesday, May 15th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. L Brands currently has an average rating of “Hold” and a consensus price target of $31.96.

A number of hedge funds have recently modified their holdings of LB. American International Group Inc. lifted its holdings in L Brands by 25.4% in the 4th quarter. American International Group Inc. now owns 12,224,858 shares of the specialty retailer’s stock worth $313,812,000 after buying an additional 2,472,416 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in L Brands by 47.0% in the 4th quarter. Bank of New York Mellon Corp now owns 7,464,698 shares of the specialty retailer’s stock worth $191,619,000 after buying an additional 2,385,201 shares in the last quarter. Norges Bank acquired a new position in L Brands in the 4th quarter worth $60,190,000. Thompson Siegel & Walmsley LLC acquired a new position in L Brands in the 1st quarter worth $28,618,000. Finally, Menora Mivtachim Holdings LTD. acquired a new position in L Brands in the 1st quarter worth $20,685,000. Hedge funds and other institutional investors own 69.08% of the company’s stock.

Shares of NYSE LB opened at $27.79 on Tuesday. L Brands has a 52-week low of $21.44 and a 52-week high of $38.00. The company’s fifty day moving average is $23.83. The stock has a market cap of $7.65 billion, a PE ratio of 9.85, a PEG ratio of 1.05 and a beta of 0.68.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 4.32%. L Brands’s dividend payout ratio is currently 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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Earnings History and Estimates for L Brands (NYSE:LB)

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