$0.19 EPS Expected for L Brands Inc (NYSE:LB) This Quarter

Wall Street brokerages forecast that L Brands Inc (NYSE:LB) will report $0.19 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for L Brands’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.15. L Brands reported earnings of $0.36 per share during the same quarter last year, which would indicate a negative year over year growth rate of 47.2%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 21st.

On average, analysts expect that L Brands will report full-year earnings of $2.40 per share for the current year, with EPS estimates ranging from $2.00 to $2.57. For the next financial year, analysts expect that the company will report earnings of $2.54 per share, with EPS estimates ranging from $1.50 to $2.95. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for L Brands.

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

A number of equities analysts have issued reports on LB shares. Bank of America set a $30.00 price target on L Brands and gave the company a “hold” rating in a research note on Thursday, May 23rd. Citigroup downgraded L Brands from a “buy” rating to a “neutral” rating and lifted their price target for the company from $26.50 to $27.00 in a research note on Monday, July 15th. Royal Bank of Canada set a $35.00 price target on L Brands and gave the company a “buy” rating in a research note on Friday, May 24th. Wedbush reiterated a “neutral” rating on shares of L Brands in a research note on Monday. Finally, Wells Fargo & Co set a $35.00 price target on L Brands and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. L Brands has an average rating of “Hold” and a consensus target price of $31.17.

Several hedge funds and other institutional investors have recently made changes to their positions in LB. Renaissance Technologies LLC boosted its stake in shares of L Brands by 117.5% in the 2nd quarter. Renaissance Technologies LLC now owns 4,401,433 shares of the specialty retailer’s stock worth $114,877,000 after buying an additional 2,377,700 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of L Brands in the 2nd quarter worth approximately $57,287,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of L Brands by 31.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 4,962,678 shares of the specialty retailer’s stock worth $129,526,000 after buying an additional 1,180,198 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in shares of L Brands in the 1st quarter worth approximately $28,618,000. Finally, BlackRock Inc. boosted its stake in shares of L Brands by 5.1% in the 2nd quarter. BlackRock Inc. now owns 19,944,437 shares of the specialty retailer’s stock worth $520,550,000 after buying an additional 970,548 shares during the last quarter. Hedge funds and other institutional investors own 71.65% of the company’s stock.

Shares of LB traded up $0.25 during trading hours on Friday, hitting $20.18. The stock had a trading volume of 3,289,248 shares, compared to its average volume of 4,164,540. The firm has a 50 day simple moving average of $24.76 and a 200-day simple moving average of $25.35. The firm has a market capitalization of $5.60 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 0.77 and a beta of 0.69. L Brands has a 1-year low of $19.45 and a 1-year high of $38.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 23rd will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.95%. L Brands’s payout ratio is presently 42.55%.

About L Brands

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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