L Brands Inc (LB) Expected to Announce Earnings of $0.13 Per Share

Equities analysts forecast that L Brands Inc (NYSE:LB) will post earnings per share of $0.13 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for L Brands’ earnings. The highest EPS estimate is $0.15 and the lowest is $0.03. L Brands posted earnings of $0.30 per share in the same quarter last year, which would suggest a negative year over year growth rate of 56.7%. The business is expected to issue its next earnings results after the market closes on Monday, November 19th.

According to Zacks, analysts expect that L Brands will report full-year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.39 to $2.77. For the next fiscal year, analysts forecast that the firm will post earnings of $2.65 per share, with EPS estimates ranging from $1.94 to $3.05. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow L Brands.

L Brands (NYSE:LB) last released its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. L Brands had a net margin of 6.87% and a negative return on equity of 84.14%. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised L Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Piper Jaffray Companies set a $29.00 price target on L Brands and gave the stock a “hold” rating in a report on Tuesday, August 7th. Loop Capital set a $27.00 price objective on L Brands and gave the stock a “sell” rating in a report on Thursday, August 9th. Wedbush assumed coverage on L Brands in a report on Friday, August 10th. They set a “neutral” rating and a $33.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on L Brands from $31.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, August 10th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $38.09.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brandes Investment Partners LP grew its position in shares of L Brands by 275.8% in the 2nd quarter. Brandes Investment Partners LP now owns 58,156 shares of the specialty retailer’s stock valued at $2,145,000 after acquiring an additional 42,680 shares during the period. Intact Investment Management Inc. acquired a new position in shares of L Brands in the 2nd quarter worth approximately $2,331,000. Ironwood Investment Counsel LLC lifted its position in shares of L Brands by 27.7% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 19,238 shares of the specialty retailer’s stock valued at $582,000 after acquiring an additional 4,177 shares during the period. Bank of America Corp DE lifted its position in shares of L Brands by 55.2% during the 2nd quarter. Bank of America Corp DE now owns 651,871 shares of the specialty retailer’s stock valued at $24,042,000 after acquiring an additional 231,777 shares during the period. Finally, Mackay Shields LLC lifted its position in shares of L Brands by 41.2% during the 2nd quarter. Mackay Shields LLC now owns 288,148 shares of the specialty retailer’s stock valued at $10,627,000 after acquiring an additional 84,013 shares during the period. Institutional investors own 73.23% of the company’s stock.

L Brands stock traded down $0.03 on Wednesday, hitting $36.83. 6,775,700 shares of the stock traded hands, compared to its average volume of 5,045,114. The firm has a market capitalization of $10.18 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.24 and a beta of 0.33. L Brands has a 1 year low of $25.89 and a 1 year high of $63.10.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be issued a $0.60 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $2.40 annualized dividend and a yield of 6.52%. L Brands’s dividend payout ratio (DPR) is presently 75.00%.

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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