L Brands (LB) to Release Earnings on Wednesday
L Brands (NYSE:LB) is scheduled to be posting its Q214 quarterly earnings results on Wednesday, August 20th. Analysts expect L Brands to post earnings of $0.62 per share and revenue of $2.65 billion for the quarter. L Brands has set its Q2 guidance at $0.57-0.62 EPS and its FY15 guidance at $3.10-3.27 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
L Brands (NYSE:LB) last issued its quarterly earnings data 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. During the same quarter last year, the company posted $0.48 earnings per share. L Brands’s revenue was up 5.5% compared to the same quarter last year. On average, analysts expect L Brands to post $3.17 EPS for the current fiscal year and $3.60 EPS for the next fiscal year.
Shares of L Brands (NYSE:LB) opened at 62.64 on Tuesday. L Brands has a one year low of $50.78 and a one year high of $67.12. The stock has a 50-day moving average of $59.64 and a 200-day moving average of $57.05. The company has a market cap of $18.287 billion and a price-to-earnings ratio of 19.88.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 22nd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, August 20th.
LB has been the subject of a number of recent research reports. Analysts at Nomura reiterated a “neutral” rating on shares of L Brands in a research note on Friday, August 8th. They now have a $59.00 price target on the stock, up previously from $55.00. On the ratings front, analysts at RBC Capital raised their price target on shares of L Brands from $62.00 to $64.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of L Brands in a research note on Tuesday, July 22nd. They now have a $60.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $60.56.
L 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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