Brokerages predict that Brinker International, Inc. (NYSE:EAT) will report earnings per share of $0.42 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Brinker International’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.29. Brinker International also reported earnings per share of $0.42 in the same quarter last year. The firm is expected to announce its next quarterly earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Brinker International will report full-year earnings of $3.76 per share for the current financial year, with EPS estimates ranging from $3.65 to $3.85. For the next year, analysts forecast that the business will report earnings of $3.96 per share, with EPS estimates ranging from $3.80 to $4.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Brinker International.
Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, August 14th. The restaurant operator reported $1.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.19. Brinker International had a negative return on equity of 26.82% and a net margin of 4.01%. The firm had revenue of $817.10 million during the quarter, compared to analysts’ expectations of $817.93 million. During the same period in the previous year, the firm earned $1.09 earnings per share. The company’s revenue was up .8% on a year-over-year basis.
A number of research analysts have issued reports on the company. Canaccord Genuity decreased their target price on Brinker International from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, August 15th. Zacks Investment Research lowered Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. Barclays upped their target price on Brinker International from $46.00 to $50.00 and gave the stock a “$49.71” rating in a report on Wednesday, July 18th. TheStreet lowered Brinker International from a “b-” rating to a “c” rating in a report on Wednesday, August 15th. Finally, Piper Jaffray Companies upped their target price on Brinker International to $48.00 and gave the stock a “positive” rating in a report on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $45.33.
In other Brinker International news, SVP David Roy Doyle sold 3,615 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $49.86, for a total transaction of $180,243.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kelli Valade sold 4,224 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $49.59, for a total value of $209,468.16. The disclosure for this sale can be found here. 1.91% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. LifePlan Financial Group Inc acquired a new position in Brinker International during the second quarter worth approximately $112,000. Stratos Wealth Partners LTD. increased its position in Brinker International by 1,000.0% during the first quarter. Stratos Wealth Partners LTD. now owns 3,300 shares of the restaurant operator’s stock worth $119,000 after buying an additional 3,000 shares during the last quarter. IFP Advisors Inc grew its position in shares of Brinker International by 512.3% in the first quarter. IFP Advisors Inc now owns 3,545 shares of the restaurant operator’s stock valued at $128,000 after purchasing an additional 2,966 shares during the last quarter. Sei Investments Co. grew its position in shares of Brinker International by 913.2% in the second quarter. Sei Investments Co. now owns 3,597 shares of the restaurant operator’s stock valued at $171,000 after purchasing an additional 3,242 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Brinker International in the second quarter valued at approximately $199,000.
NYSE:EAT traded up $0.11 on Wednesday, reaching $43.75. The company’s stock had a trading volume of 1,346,900 shares, compared to its average volume of 1,358,802. Brinker International has a 1-year low of $29.50 and a 1-year high of $54.14. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of -2.09. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.14 and a beta of -0.04.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Friday, September 7th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Thursday, September 6th. Brinker International’s dividend payout ratio (DPR) is presently 43.43%.
Brinker International Company Profile
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.
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