Wall Street analysts expect L Brands Inc (NYSE:LB) to report earnings of $0.04 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for L Brands’ earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.00. L Brands posted earnings of $0.30 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 86.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 21st.

According to Zacks, analysts expect that L Brands will report full-year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.70. For the next year, analysts anticipate that the company will post earnings of $2.58 per share, with EPS estimates ranging from $1.80 to $2.93. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for L Brands.

L Brands (NYSE:LB) last released its earnings results on Wednesday, August 22nd. The specialty retailer reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter last year, the business earned $0.48 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the stock. Piper Jaffray Companies set a $28.00 price objective on shares of L Brands and gave the company a “hold” rating in a research report on Thursday. Robert W. Baird reduced their price objective on shares of L Brands from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 23rd. Zacks Investment Research cut shares of L Brands from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. UBS Group assumed coverage on shares of L Brands in a research report on Thursday, June 21st. They set a “neutral” rating and a $37.00 price objective on the stock. Finally, 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 report on Tuesday, August 21st. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.76.

NYSE LB traded up $0.38 on Friday, reaching $30.26. 118,970 shares of the stock were exchanged, compared to its average volume of 7,873,227. L Brands has a one year low of $25.89 and a one year high of $63.10. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 1.03 and a beta of 0.56. The company has a current ratio of 1.46, a quick ratio of 0.75 and a debt-to-equity ratio of -5.09.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 24th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 7.93%. The ex-dividend date of this dividend was Thursday, August 23rd. L Brands’s dividend payout ratio is presently 75.00%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC bought a new stake in L Brands in the second quarter worth $104,000. Gradient Investments LLC bought a new stake in L Brands in the second quarter worth $109,000. Private Capital Group LLC increased its position in L Brands by 6,777.3% in the second quarter. Private Capital Group LLC now owns 3,026 shares of the specialty retailer’s stock worth $111,000 after purchasing an additional 2,982 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in L Brands during the first quarter worth $117,000. Finally, IBM Retirement Fund boosted its stake in L Brands by 46.8% during the first quarter. IBM Retirement Fund now owns 5,279 shares of the specialty retailer’s stock worth $202,000 after buying an additional 1,684 shares during the period. Institutional investors own 73.39% of the company’s stock.

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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