L Brands (NYSE:LB) Releases FY 2019 Earnings Guidance

L Brands (NYSE:LB) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.30-2.60 for the period, compared to the Thomson Reuters consensus estimate of $2.45. L Brands also updated its Q3 2019 guidance to $-0.05-0.05 EPS.

Several research firms recently issued reports on LB. Wells Fargo & Co set a $35.00 target price on L Brands and gave the stock an outperform rating in a research note on Thursday, May 23rd. Zacks Investment Research lowered L Brands from a buy rating to a hold rating and set a $28.00 target price on the stock. in a research note on Wednesday, July 31st. Odeon Capital Group began coverage on L Brands in a research note on Friday, April 26th. They set a buy rating on the stock. Royal Bank of Canada set a $35.00 target price on L Brands and gave the stock a buy rating in a research note on Friday, May 24th. Finally, Bank of America set a $30.00 price target on L Brands and gave the company a hold rating in a research report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $31.17.

LB stock traded up $0.41 during mid-day trading on Wednesday, reaching $20.33. The company had a trading volume of 6,498,997 shares, compared to its average volume of 4,675,990. L Brands has a fifty-two week low of $19.45 and a fifty-two week high of $38.00. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 7.21, a price-to-earnings-growth ratio of 0.77 and a beta of 0.69. The firm has a fifty day simple moving average of $24.76 and a 200 day simple moving average of $25.35.

L Brands (NYSE:LB) last released its quarterly earnings data on Wednesday, May 22nd. The specialty retailer reported $0.14 EPS for the quarter. L Brands had a negative return on equity of 74.29% and a net margin of 4.81%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. Sell-side analysts predict that L Brands will post 2.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 23rd will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.90%. L Brands’s payout ratio is currently 42.55%.

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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