$2.01 Earnings Per Share Expected for L Brands Inc (LB) This Quarter

Equities analysts expect L Brands Inc (NYSE:LB) to report $2.01 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for L Brands’ earnings, with the lowest EPS estimate coming in at $1.97 and the highest estimate coming in at $2.08. L Brands reported earnings of $2.03 per share during the same quarter last year, which would indicate a negative year over year growth rate of 1%. The business is expected to issue its next earnings report after the market closes on Wednesday, February 28th.

On average, analysts expect that L Brands will report full year earnings of $3.10 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.19. For the next year, analysts expect that the firm will post earnings of $3.33 per share, with EPS estimates ranging from $2.15 to $3.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow L Brands.

L Brands (NYSE:LB) last released its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS.

Several brokerages recently commented on LB. Morgan Stanley reiterated an “overweight” rating and set a $70.00 price target on shares of L Brands in a research note on Thursday, December 14th. B. Riley reiterated a “buy” rating and set a $58.00 price target on shares of L Brands in a research note on Wednesday, November 29th. CIBC reiterated a “hold” rating and set a $60.00 price target on shares of L Brands in a research note on Friday, December 8th. Citigroup lifted their price target on shares of L Brands from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, Royal Bank of Canada upgraded shares of L Brands from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $58.00 in a research note on Friday, November 17th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.86.

L Brands (NYSE:LB) traded up $0.55 during trading on Monday, hitting $49.66. 1,544,428 shares of the stock traded hands, compared to its average volume of 4,694,811. The stock has a market cap of $13,322.92, a PE ratio of 14.93, a P/E/G ratio of 1.23 and a beta of 0.61. L Brands has a 1-year low of $35.00 and a 1-year high of $63.10. The company has a current ratio of 1.45, a quick ratio of 0.60 and a debt-to-equity ratio of -5.10.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.83%. L Brands’s dividend payout ratio is presently 72.95%.

In other news, Director David T. Kollat purchased 9,910 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of $50.34 per share, for a total transaction of $498,869.40. Following the completion of the purchase, the director now directly owns 158,878 shares in the company, valued at approximately $7,997,918.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 16.68% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Fosun International Ltd increased its stake in shares of L Brands by 205.4% during the third quarter. Fosun International Ltd now owns 532,022 shares of the specialty retailer’s stock worth $22,137,000 after acquiring an additional 357,797 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of L Brands by 4.0% during the third quarter. Alyeska Investment Group L.P. now owns 855,019 shares of the specialty retailer’s stock worth $35,577,000 after acquiring an additional 33,005 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in L Brands by 31.0% during the third quarter. Oppenheimer & Co. Inc. now owns 18,512 shares of the specialty retailer’s stock worth $770,000 after buying an additional 4,378 shares in the last quarter. California Public Employees Retirement System boosted its holdings in L Brands by 7.0% during the third quarter. California Public Employees Retirement System now owns 585,641 shares of the specialty retailer’s stock worth $24,369,000 after buying an additional 38,141 shares in the last quarter. Finally, Private Capital Management Inc. boosted its holdings in L Brands by 26.4% during the third quarter. Private Capital Management Inc. now owns 12,700 shares of the specialty retailer’s stock worth $528,000 after buying an additional 2,650 shares in the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.

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L Brands Company Profile

L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.

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Earnings History and Estimates for L Brands (NYSE:LB)

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