Brinker International Inc. (EAT) Updates FY14 Earnings Guidance
Brinker International Inc. (NYSE:EAT) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.65-2.75 for the period, compared to the Thomson Reuters consensus estimate of $2.77, AnalystRatingsNetwork reports.
Several analysts have recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Brinker International from $38.00 to $37.00 in a research note to investors on Monday. They now have a neutral rating on the stock. On a related note, analysts at Ned Davis Research upgraded shares of Brinker International from a neutral rating to a buy rating in a research note to investors on Monday. Finally, analysts at Ned Davis Research upgraded shares of Brinker International from a neutral rating to a buy rating in a research note to investors on Monday, September 30th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Brinker International presently has an average rating of Buy and a consensus target price of $43.53.
Brinker International Inc. (NYSE:EAT) traded down 5.24% on Wednesday, hitting $39.98. The stock had a trading volume of 1,950,597 shares. Brinker International Inc. has a one year low of $28.11 and a one year high of $44.28. The stock’s 50-day moving average is $41.08 and its 200-day moving average is $39.2. The company has a market cap of $2.648 billion and a P/E ratio of 19.18.
Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.02. The company had revenue of $683.92 million for the quarter, compared to the consensus estimate of $685.85 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Analysts expect that Brinker International Inc. will post $2.76 EPS for the current fiscal year.
Brinker International, Inc (NYSE:EAT) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands.
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