L Brands (NYSE:LB) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ($0.05)-0.05 for the period, compared to the Thomson Reuters consensus estimate of $0.09. L Brands also updated its FY 2019 guidance to $2.30-2.60 EPS.

Shares of NYSE LB opened at $20.33 on Thursday. The business’s 50 day moving average price is $24.64 and its 200 day moving average price is $25.31. The firm has a market cap of $5.57 billion, a P/E ratio of 7.21, a P/E/G ratio of 0.77 and a beta of 0.69. L Brands has a 52 week low of $19.45 and a 52 week high of $38.00.

L Brands (NYSE:LB) last issued its earnings results on Wednesday, August 21st. The specialty retailer reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The firm had revenue of $2.90 billion for 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 revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share. As a group, sell-side analysts anticipate that L Brands will post 2.4 earnings per share for the current year.

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

A number of equities research analysts recently commented on LB shares. 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 report on Wednesday, July 31st. Wedbush restated a neutral rating on shares of L Brands in a research report on Monday. Wells Fargo & Co set a $35.00 price objective on L Brands and gave the stock an outperform rating in a research report on Thursday, May 23rd. Loop Capital lowered their price objective on L Brands to $20.00 and set a sell rating on the stock in a research report on Wednesday, May 15th. Finally, Odeon Capital Group initiated coverage on L Brands in a research report on Friday, April 26th. They issued a buy rating on the stock. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $31.17.

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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