Zacks: Brokerages Expect L Brands Inc (NYSE:LB) Will Announce Earnings of $1.81 Per Share

Wall Street brokerages expect that L Brands Inc (NYSE:LB) will announce $1.81 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for L Brands’ earnings. The highest EPS estimate is $1.85 and the lowest is $1.44. L Brands posted earnings per share of $2.14 during the same quarter last year, which would suggest a negative year over year growth rate of 15.4%. The company is expected to announce its next quarterly earnings results after the market closes on Wednesday, February 26th.

On average, analysts expect that L Brands will report full-year earnings of $2.22 per share for the current year, with EPS estimates ranging from $1.85 to $2.29. For the next financial year, analysts anticipate that the company will report earnings of $2.14 per share, with EPS estimates ranging from $1.40 to $2.44. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow L Brands.

L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, November 20th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. L Brands had a negative return on equity of 72.15% and a net margin of 2.80%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year.

Several equities analysts have recently issued reports on LB shares. Bank of America raised L Brands from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.00 to $25.00 in a research note on Friday, January 3rd. Loop Capital cut their price target on L Brands from $15.00 to $14.00 and set a “sell” rating on the stock in a research note on Thursday, November 21st. UBS Group cut their price target on L Brands from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Guggenheim reaffirmed a “hold” rating on shares of L Brands in a research note on Thursday, January 9th. Finally, ValuEngine raised L Brands from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.67.

Shares of LB traded down $1.18 during trading hours on Friday, hitting $23.42. 33,272,588 shares of the stock traded hands, compared to its average volume of 9,175,240. L Brands has a 1-year low of $15.80 and a 1-year high of $29.02. The firm has a market capitalization of $6.66 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.98 and a beta of 0.76. The business has a fifty day moving average of $21.59 and a 200-day moving average of $19.22.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 21st will be issued a $0.30 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 5.12%. L Brands’s dividend payout ratio (DPR) is currently 42.55%.

Several institutional investors have recently made changes to their positions in LB. Coastal Investment Advisors Inc. increased its holdings in shares of L Brands by 127.1% in the fourth quarter. Coastal Investment Advisors Inc. now owns 1,374 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 769 shares in the last quarter. FNY Investment Advisers LLC grew its holdings in shares of L Brands by 1,767.0% during the fourth quarter. FNY Investment Advisers LLC now owns 1,755 shares of the specialty retailer’s stock worth $31,000 after buying an additional 1,661 shares in the last quarter. NuWave Investment Management LLC grew its holdings in shares of L Brands by 757.8% during the third quarter. NuWave Investment Management LLC now owns 1,913 shares of the specialty retailer’s stock worth $32,000 after buying an additional 1,690 shares in the last quarter. Strategic Blueprint LLC bought a new position in shares of L Brands during the third quarter worth about $33,000. Finally, Vestcor Investment Management Corp bought a new position in shares of L Brands during the fourth quarter worth about $73,000. Institutional investors own 67.97% of the company’s stock.

About L Brands

L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.

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