L Brands (NYSE:LB) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of ~$0.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.04.

Shares of L Brands stock opened at $36.50 on Friday. L Brands has a one year low of $25.89 and a one year high of $63.10. The stock has a market capitalization of $9.59 billion, a P/E ratio of 11.41, a PEG ratio of 1.21 and a beta of 0.33.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.92 billion. L Brands had a negative return on equity of 84.14% and a net margin of 6.87%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. On average, equities analysts anticipate that L Brands will post 2.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date is Wednesday, November 21st. L Brands’s dividend payout ratio is currently 75.00%.

LB has been the subject of a number of recent research reports. Zacks Investment Research raised L Brands from a sell rating to a hold rating in a report on Tuesday, July 17th. Piper Jaffray Companies set a $29.00 price objective on L Brands and gave the stock a hold rating in a report on Tuesday, August 7th. Loop Capital set a $27.00 price objective on L Brands and gave the stock a sell rating in a report on Thursday, August 9th. Wedbush initiated coverage on L Brands in a report on Friday, August 10th. They set a neutral rating and a $33.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on L Brands from $31.00 to $28.00 and set a neutral rating for the company in a report on Friday, August 10th. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $37.12.

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

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