L Brands (LB) Posts Quarterly Earnings, Beats Expectations By $0.01 EPS
L Brands (NYSE:LB) issued its quarterly earnings data on Wednesday. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.01, Analyst Ratings News reports. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.38 billion. The company’s quarterly revenue was up 5.5% on a year-over-year basis.
Shares of L Brands (NYSE:LB) traded up 0.65% during mid-day trading on Wednesday, hitting $55.86. The stock had a trading volume of 1,989,918 shares. L Brands 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.
A number of analysts have recently weighed in on LB shares. 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 the ratings front, 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. L Brands presently has an average rating of “Buy” and an average price target of $62.60.
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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