L Brands Inc (LB) Issues Q2 Earnings Guidance
L Brands Inc (NYSE:LB) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.57-0.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.62, AnalystRatings.NET reports. L Brands also updated its FY15 guidance to $3.10-3.27 EPS.
A number of research firms have recently commented on LB. Analysts at Mizuho raised their price target on shares of L Brands from $52.00 to $56.00 in a research note on Friday, April 11th. On a related note, analysts at Susquehanna raised their price target on shares of L Brands from $66.00 to $69.00 in a research note on Tuesday, March 11th. Finally, analysts at Zacks reiterated a neutral rating on shares of L Brands in a research note on Wednesday, March 5th. They now have a $59.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. L Brands currently has a consensus rating of Buy and a consensus target price of $62.60.
Shares of L Brands Inc (NYSE:LB) traded up 0.65% during mid-day trading on Wednesday, hitting $55.86. 1,990,693 shares of the company’s stock traded hands. L Brands Inc has a one year low of $48.76 and a one year high of $67.12. The stock has a 50-day moving average of $55.73 and a 200-day moving average of $57.90. The company has a market cap of $16.255 billion and a P/E ratio of 18.20.
L Brands (NYSE:LB) last announced its earnings results on Wednesday, May 21st. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.01. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.38 billion. L Brands’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that L Brands Inc will post $3.23 earnings per share for the current fiscal year.
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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