L Brands (LB) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS
L Brands (NYSE:LB) posted its quarterly earnings results on Wednesday. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.01, American Banking News.com reports. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.65 billion. The company’s quarterly revenue was up 6.3% on a year-over-year basis. L Brands updated its Q3 guidance to $0.29-0.35 EPS and its FY15 guidance to $3.13-3.30 EPS.
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 company. The stock has an average rating of “Hold” and an average price target of $60.56.
Shares of L Brands (NYSE:LB) traded up 0.16% on Wednesday, hitting $62.98. The stock had a trading volume of 2,632,259 shares. L Brands has a 1-year low of $50.78 and a 1-year high of $67.12. The stock’s 50-day moving average is $59.74 and its 200-day moving average is $57.13. The company has a market cap of $18.387 billion and a price-to-earnings ratio of 20.30.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Wednesday, August 20th.
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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