Zacks: Brokerages Expect L Brands Inc (LB) to Post $2.02 Earnings Per Share

Equities analysts predict that L Brands Inc (NYSE:LB) will post $2.02 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for L Brands’ earnings. The highest EPS estimate is $2.10 and the lowest is $1.97. L Brands posted earnings of $2.03 per share in the same quarter last year, which indicates a negative year over year growth rate of 0.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that L Brands will report full-year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.20. For the next year, analysts forecast that the firm will report earnings of $3.33 per share, with EPS estimates ranging from $2.15 to $3.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow L Brands.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. L Brands had a negative return on equity of 101.19% and a net margin of 7.73%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year.

A number of analysts have recently issued reports on the company. Scotiabank restated a “hold” rating and issued a $67.00 target price on shares of L Brands in a report on Wednesday, November 22nd. FBR & Co restated a “buy” rating and issued a $58.00 target price on shares of L Brands in a report on Wednesday, October 4th. B. Riley set a $58.00 target price on L Brands and gave the company a “buy” rating in a report on Thursday, November 16th. Citigroup restated a “hold” rating and issued a $58.00 target price on shares of L Brands in a report on Friday, January 5th. Finally, MKM Partners reduced their target price on L Brands from $48.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, October 6th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $51.63.

In other L Brands news, Director David T. Kollat bought 9,910 shares of the stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $50.34 per share, with a total value of $498,869.40. Following the completion of the transaction, the director now directly owns 158,878 shares of the company’s stock, valued at approximately $7,997,918.52. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 16.68% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new stake in L Brands during the third quarter valued at about $161,000. IFP Advisors Inc boosted its holdings in L Brands by 52.1% during the third quarter. IFP Advisors Inc now owns 4,725 shares of the specialty retailer’s stock valued at $197,000 after acquiring an additional 1,618 shares during the period. Chesapeake Asset Management LLC bought a new stake in L Brands during the third quarter valued at about $205,000. Allianz Asset Management GmbH bought a new stake in L Brands during the third quarter valued at about $206,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in L Brands during the third quarter valued at about $208,000. 78.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of L Brands (NYSE:LB) traded up $0.07 during trading hours on Friday, hitting $49.02. The stock had a trading volume of 2,094,000 shares, compared to its average volume of 6,285,717. L Brands has a one year low of $35.00 and a one year high of $63.10. The firm has a market cap of $14,350.00, a P/E ratio of 14.95, a PEG ratio of 1.37 and a beta of 0.81. The company has a debt-to-equity ratio of -5.10, a current ratio of 1.45 and a quick ratio of 0.60.

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About L Brands

L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.

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Earnings History and Estimates for L Brands (NYSE:LB)

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