L Brands (LB) Updates Q3 Earnings Guidance

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

NYSE LB opened at $36.50 on Friday. L Brands has a twelve month low of $25.89 and a twelve month high of $63.10. The firm has a market cap 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 released its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. L Brands had a negative return on equity of 84.14% and a net margin of 6.87%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the business posted $0.48 EPS. L Brands’s revenue for the quarter was up 8.3% on a year-over-year basis. Research analysts forecast that L Brands will post 2.52 earnings per share for the current year.

The business also recently announced 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 annualized dividend and a yield of 6.58%. The ex-dividend date is Wednesday, November 21st. L Brands’s payout ratio is presently 75.00%.

LB has been the topic of several recent research reports. Royal Bank of Canada set a $35.00 target price on L Brands and gave the stock a buy rating in a report on Tuesday, August 21st. B. Riley cut their target price on L Brands from $49.00 to $44.00 and set a buy rating on the stock in a report on Thursday, August 23rd. Citigroup cut their target price on L Brands from $38.00 to $37.00 and set a buy rating on the stock in a report on Friday, August 24th. Goldman Sachs Group initiated coverage on L Brands in a report on Thursday, October 25th. They set a buy rating and a $36.00 target price on the stock. Finally, Morgan Stanley downgraded L Brands from an overweight rating to an equal weight rating and cut their target price for the stock from $56.00 to $32.00 in a report on Thursday, August 23rd. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target 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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