L Brands (NYSE:LB) Issues FY20 Earnings Guidance

L Brands (NYSE:LB) updated its FY20 earnings guidance on Wednesday. The company provided EPS guidance of $2.30-2.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.45. L Brands also updated its FY 2019 guidance to $2.30-2.60 EPS.

Several research firms have weighed in on LB. Bank of America set a $30.00 price target on shares of L Brands and gave the company a hold rating in a report on Thursday, May 23rd. Loop Capital lowered their target price on shares of L Brands to $20.00 and set a sell rating on the stock in a report on Wednesday, May 15th. Zacks Investment Research cut shares of L Brands from a buy rating to a hold rating and set a $28.00 target price on the stock. in a report on Wednesday, July 31st. Wells Fargo & Co set a $35.00 target price on shares of L Brands and gave the stock an outperform rating in a report on Thursday, May 23rd. Finally, Odeon Capital Group started coverage on shares of L Brands in a report on Friday, April 26th. They set a buy rating on the stock. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. L Brands has a consensus rating of Hold and a consensus target price of $31.17.

NYSE LB opened at $20.33 on Thursday. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 7.21, a P/E/G ratio of 0.77 and a beta of 0.69. The firm’s 50 day simple moving average is $24.64 and its 200 day simple moving average is $25.31. L Brands has a 1 year low of $19.45 and a 1 year high of $38.00.

L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, August 21st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.95 billion. L Brands had a net margin of 4.81% and a negative return on equity of 74.29%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. Equities research analysts predict that L Brands will post 2.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 22nd. This represents a $1.20 annualized dividend and a dividend yield of 5.90%. L Brands’s dividend payout ratio is 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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