Wall Street analysts predict that Bloomin’ Brands Inc (NASDAQ:BLMN) will report $0.09 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Bloomin’ Brands’ earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.05. Bloomin’ Brands reported earnings per share of $0.12 in the same quarter last year, which suggests a negative year-over-year growth rate of 25%. The company is expected to announce its next quarterly earnings report on Friday, November 2nd.
According to Zacks, analysts expect that Bloomin’ Brands will report full-year earnings of $1.44 per share for the current year, with EPS estimates ranging from $1.39 to $1.48. For the next financial year, analysts expect that the company will post earnings of $1.50 per share, with EPS estimates ranging from $1.38 to $1.54. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Bloomin’ Brands.
Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Monday, July 30th. The restaurant operator reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.08. Bloomin’ Brands had a return on equity of 215.75% and a net margin of 2.70%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s revenue was down .4% on a year-over-year basis.
Several equities analysts have recently weighed in on BLMN shares. BidaskClub cut Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Saturday, June 30th. ValuEngine upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. Wells Fargo & Co cut their price target on Bloomin’ Brands from $22.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, July 31st. Finally, Barclays increased their price target on Bloomin’ Brands from $28.00 to $29.00 and gave the stock a “$21.25” rating in a research note on Wednesday, July 18th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $24.00.
Bloomin’ Brands stock traded down $0.12 during midday trading on Friday, hitting $19.20. 45,063 shares of the company’s stock were exchanged, compared to its average volume of 1,068,140. Bloomin’ Brands has a 52-week low of $16.11 and a 52-week high of $25.00. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 12.18. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 1.48 and a beta of 0.34.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Thursday, August 9th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.88%. Bloomin’ Brands’s payout ratio is 26.47%.
In related news, Chairman Elizabeth A. Smith sold 200,000 shares of Bloomin’ Brands stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $22.28, for a total value of $4,456,000.00. Following the completion of the transaction, the chairman now owns 244,152 shares in the company, valued at $5,439,706.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Elizabeth A. Smith sold 100,000 shares of Bloomin’ Brands stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $22.18, for a total value of $2,218,000.00. Following the completion of the transaction, the chief executive officer now owns 244,152 shares of the company’s stock, valued at approximately $5,415,291.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 690,331 shares of company stock valued at $14,734,802. Company insiders own 7.47% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new position in Bloomin’ Brands in the first quarter worth about $2,231,000. Royal Bank of Canada grew its position in Bloomin’ Brands by 48.3% in the first quarter. Royal Bank of Canada now owns 8,274 shares of the restaurant operator’s stock worth $201,000 after acquiring an additional 2,693 shares in the last quarter. Rothschild Asset Management Inc. grew its position in Bloomin’ Brands by 0.8% in the second quarter. Rothschild Asset Management Inc. now owns 1,454,071 shares of the restaurant operator’s stock worth $29,227,000 after acquiring an additional 11,534 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Bloomin’ Brands by 33.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 112,760 shares of the restaurant operator’s stock worth $2,738,000 after acquiring an additional 28,546 shares in the last quarter. Finally, Reinhart Partners Inc. grew its position in Bloomin’ Brands by 5.2% in the second quarter. Reinhart Partners Inc. now owns 151,620 shares of the restaurant operator’s stock worth $3,048,000 after acquiring an additional 7,530 shares in the last quarter. Institutional investors own 98.07% of the company’s stock.
Bloomin’ Brands Company Profile
Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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