L Brands (NYSE:LB) issued an update on its FY20 earnings guidance on Wednesday morning. 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 FY 2019 guidance to $2.30-2.60 EPS.

Shares of LB stock traded up $0.41 during mid-day trading on Wednesday, reaching $20.33. 6,498,997 shares of the company’s stock traded hands, compared to its average volume of 4,675,990. L Brands has a 12 month low of $19.45 and a 12 month high of $38.00. The company has a market cap of $5.60 billion, a P/E ratio of 7.21, a P/E/G ratio of 0.77 and a beta of 0.69. The company’s 50-day moving average price is $24.64 and its 200-day moving average price is $25.31.

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 consensus estimate of $0.20 by $0.04. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.95 billion. L Brands had a negative return on equity of 74.29% and a net margin of 4.81%. L Brands’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. On average, sell-side analysts expect that L Brands will post 2.4 EPS for the current year.

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

Several equities analysts have recently issued reports on LB shares. Odeon Capital Group started coverage on L Brands in a research report on Friday, April 26th. They issued a buy rating for the company. Bank of America set a $30.00 price target on L Brands and gave the stock a hold rating in a research report on Thursday, May 23rd. Loop Capital lowered their price target on L Brands to $20.00 and set a sell rating for the company in a research report on Wednesday, May 15th. Royal Bank of Canada set a $35.00 price target on L Brands and gave the stock a buy rating in a research report on Friday, May 24th. Finally, Wells Fargo & Co set a $35.00 price target on L Brands and gave the stock an outperform rating in a research report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $31.17.

L Brands Company Profile

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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