L Brands (LB) to Release Earnings on Wednesday

L Brands (NYSE:LB) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 22nd.

L Brands (NYSE:LB) last released its quarterly earnings results on Wednesday, February 27th. The specialty retailer reported $2.14 EPS for the quarter, topping the consensus estimate of $2.06 by $0.08. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.90 billion. L Brands had a negative return on equity of 73.73% and a net margin of 4.86%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 earnings per share. On average, analysts expect L Brands to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

LB opened at $22.51 on Wednesday. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 0.93 and a beta of 0.51. L Brands has a 52 week low of $22.03 and a 52 week high of $38.14.

LB has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on L Brands from $21.00 to $16.00 in a research note on Thursday, February 28th. B. Riley lowered their target price on L Brands from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, February 21st. Zacks Investment Research upgraded L Brands from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, February 5th. Wells Fargo & Co set a $42.00 target price on L Brands and gave the company a “buy” rating in a research note on Thursday, February 28th. Finally, Odeon Capital Group initiated coverage on L Brands in a research note on Friday, April 26th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.46.

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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 for L Brands (NYSE:LB)

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