L Brands (LB) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
L Brands (NYSE:LB) released its earnings data on Wednesday. The company reported $1.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.61 by $0.04, Analyst Ratings Net reports. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the company posted $1.76 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. L Brands updated its Q1 guidance to $0.44-0.49 EPS and its FY15 guidance to $3.00-3.20 EPS.
L Brands (NYSE:LB) traded up 4.01% on Wednesday, hitting $56.57. 3,803,592 shares of the company’s stock traded hands. L Brands has a one year low of $42.83 and a one year high of $67.12. The stock has a 50-day moving average of $54.65 and a 200-day moving average of $59.32. The company has a market cap of $16.421 billion and a price-to-earnings ratio of 19.48.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Wednesday, February 19th. This is a boost from L Brands’s previous quarterly dividend of $0.30.
A number of research firms have recently commented on LB. Analysts at Susquehanna cut their price target on shares of L Brands from $67.00 to $66.00 in a research note on Tuesday. On the ratings front, analysts at Brean Capital cut their price target on shares of L Brands from $70.00 to $65.00 in a research note on Thursday, February 20th. Finally, analysts at Nomura reiterated a “positive” rating on shares of L Brands in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. L Brands presently has an average rating of “Hold” and a consensus target price of $61.00.
L Brands, Inc, formerly Limited Brands, Inc operates in the specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories.
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