L Brands (NYSE:LB) Updates Q4 2019 Pre-Market Earnings Guidance

L Brands (NYSE:LB) issued an update on its fourth quarter 2019
Pre-Market earnings guidance on Thursday morning. The company provided EPS guidance of 1.85-1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.97. L Brands also updated its Q4 guidance to ~$1.85 EPS.

Several brokerages have recently commented on LB. Barclays began coverage on L Brands in a research report on Tuesday, November 12th. They issued an underweight rating and a $16.00 price objective on the stock. Telsey Advisory Group decreased their target price on L Brands from $22.00 to $19.00 and set a market perform rating on the stock in a research report on Friday, November 22nd. Guggenheim reiterated a hold rating on shares of L Brands in a research report on Thursday, January 9th. UBS Group decreased their target price on L Brands from $19.00 to $18.00 and set a neutral rating on the stock in a research report on Tuesday, November 12th. Finally, MKM Partners decreased their target price on L Brands to $17.00 and set a neutral rating on the stock in a research report on Thursday, November 21st. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. L Brands presently has an average rating of Hold and an average target price of $21.84.

LB stock traded up $0.27 during midday trading on Thursday, reaching $20.06. The stock had a trading volume of 272,285 shares, compared to its average volume of 6,671,893. The stock has a market cap of $5.54 billion, a PE ratio of 7.11, a P/E/G ratio of 0.78 and a beta of 0.79. The firm has a fifty day simple moving average of $18.43 and a two-hundred day simple moving average of $19.87. L Brands has a 52-week low of $15.80 and a 52-week high of $29.02.

L Brands (NYSE:LB) last announced its quarterly earnings results on Wednesday, November 20th. The specialty retailer reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. L Brands had a negative return on equity of 72.15% and a net margin of 2.80%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts forecast that L Brands will post 2.22 EPS for the current fiscal year.

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.

Read More: Treasury Bonds

Earnings History and Estimates for L Brands (NYSE:LB)

Receive News & Ratings for L Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands and related companies with MarketBeat.com's FREE daily email newsletter.