Wall Street analysts expect that L Brands, Inc. (NYSE:LB) will report $0.30 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for L Brands’ earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.25. L Brands reported earnings of $0.42 per share in the same quarter last year, which would indicate a negative year over year growth rate of 28.6%. The firm is scheduled to issue its next earnings results on Wednesday, November 15th.

On average, analysts expect that L Brands will report full-year earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.37. For the next fiscal year, analysts expect that the business will report earnings of $3.19 per share, with EPS estimates ranging from $2.10 to $3.65. Zacks’ EPS averages are an average based on a survey of analysts that follow L Brands.

L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, August 16th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.75 billion. L Brands had a negative return on equity of 103.04% and a net margin of 8.04%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.70 EPS.

Several brokerages recently weighed in on LB. Zacks Investment Research lowered L Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday. FBR & Co restated an “outperform” rating and issued a $60.00 price target on shares of L Brands in a research note on Wednesday, May 31st. Vetr upgraded L Brands from a “strong sell” rating to a “sell” rating and set a $46.34 price target for the company in a research note on Monday, June 19th. BMO Capital Markets set a $37.00 price target on L Brands and gave the company a “market perform” rating in a research note on Friday, August 18th. Finally, Bank of America Corporation cut their price target on L Brands from $35.00 to $32.00 and set an “underperform” rating for the company in a research note on Friday, August 18th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the stock. L Brands presently has an average rating of “Hold” and a consensus price target of $48.73.

COPYRIGHT VIOLATION WARNING: “$0.30 Earnings Per Share Expected for L Brands, Inc. (LB) This Quarter” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/26/0-30-earnings-per-share-expected-for-l-brands-inc-lb-this-quarter.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lincoln National Corp raised its stake in shares of L Brands by 51.5% in the first quarter. Lincoln National Corp now owns 35,412 shares of the specialty retailer’s stock worth $1,668,000 after buying an additional 12,045 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in shares of L Brands by 344.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 23,975 shares of the specialty retailer’s stock worth $1,129,000 after buying an additional 18,575 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of L Brands during the first quarter worth about $1,681,000. Coronation Fund Managers Ltd. raised its stake in shares of L Brands by 18.1% in the second quarter. Coronation Fund Managers Ltd. now owns 965,759 shares of the specialty retailer’s stock worth $52,045,000 after buying an additional 148,076 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of L Brands by 11.4% in the second quarter. US Bancorp DE now owns 14,761 shares of the specialty retailer’s stock worth $796,000 after buying an additional 1,514 shares during the last quarter. Hedge funds and other institutional investors own 75.20% of the company’s stock.

Shares of L Brands (NYSE:LB) traded up 0.86% during mid-day trading on Friday, hitting $36.56. The stock had a trading volume of 3,048,311 shares. L Brands has a 12 month low of $35.00 and a 12 month high of $77.55. The company has a market cap of $10.49 billion, a PE ratio of 10.73 and a beta of 0.62. The stock’s 50-day moving average is $42.41 and its 200 day moving average is $49.04.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date is Wednesday, August 16th. L Brands’s dividend payout ratio is presently 70.38%.

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.

Get a free copy of the Zacks research report on L Brands (LB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Stock Ratings for L Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands Inc. and related stocks with our FREE daily email newsletter.