$0.32 EPS Expected for L Brands Inc (LB) This Quarter
Analysts predict that L Brands Inc (NYSE:LB) will post earnings per share of $0.32 for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for L Brands’ earnings. The highest EPS estimate is $0.35 and the lowest is $0.27. L Brands posted earnings per share of $0.48 during the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The company is scheduled to report its next earnings results on Wednesday, August 15th.
According to Zacks, analysts expect that L Brands will report full year earnings of $2.77 per share for the current year, with EPS estimates ranging from $2.50 to $2.96. For the next fiscal year, analysts forecast that the company will report earnings of $2.86 per share, with EPS estimates ranging from $2.06 to $3.30. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow L Brands.
L Brands (NYSE:LB) last released its quarterly earnings results on Wednesday, May 23rd. The specialty retailer reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. L Brands had a net margin of 7.30% and a negative return on equity of 93.09%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share.
In other news, Director Donna James sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $35.29, for a total value of $35,290.00. Following the transaction, the director now directly owns 19,738 shares of the company’s stock, valued at $696,554.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 17.32% of the company’s stock.
Several large investors have recently bought and sold shares of LB. Twin Capital Management Inc. purchased a new position in L Brands during the second quarter worth about $695,000. CSat Investment Advisory L.P. purchased a new position in L Brands during the second quarter worth about $830,000. OppenheimerFunds Inc. raised its stake in L Brands by 7.5% during the second quarter. OppenheimerFunds Inc. now owns 527,991 shares of the specialty retailer’s stock worth $19,472,000 after purchasing an additional 36,822 shares during the period. Van ECK Associates Corp raised its stake in L Brands by 16.0% during the second quarter. Van ECK Associates Corp now owns 966,083 shares of the specialty retailer’s stock worth $35,629,000 after purchasing an additional 132,913 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new position in L Brands during the second quarter worth about $991,000. 75.35% of the stock is currently owned by hedge funds and other institutional investors.
LB stock traded down $0.07 during midday trading on Monday, hitting $31.17. 6,442,200 shares of the stock traded hands, compared to its average volume of 4,685,944. The firm has a market cap of $8.66 billion, a PE ratio of 9.74, a P/E/G ratio of 0.98 and a beta of 0.58. The company has a debt-to-equity ratio of -5.90, a quick ratio of 0.83 and a current ratio of 1.56. L Brands has a 1-year low of $30.42 and a 1-year high of $63.10.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 24th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 7.70%. The ex-dividend date of this dividend is Thursday, August 23rd. L Brands’s dividend payout ratio is currently 75.00%.
L Brands Company Profile
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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