Brinker International (EAT) to Release Quarterly Earnings on Wednesday
Brinker International (NYSE:EAT) is scheduled to be announcing its Q214 earnings results on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.58 per share and revenue of $699.49 million for the quarter. Brinker International has set its FY14 guidance at $2.65-2.75 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.43 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.37 earnings per share. Brinker International’s revenue was up .1% compared to the same quarter last year. On average, analysts expect Brinker International to post $2.71 EPS for the current fiscal year and $3.10 EPS for the next fiscal year.
Shares of Brinker International (NYSE:EAT) opened at 46.14 on Tuesday. Brinker International has a one year low of $30.85 and a one year high of $47.86. The stock has a 50-day moving average of $45.94 and a 200-day moving average of $42.88. The company has a market cap of $3.093 billion and a P/E ratio of 20.67.
EAT has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of Brinker International in a research note to investors on Tuesday, January 7th. They set an “outperform” rating on the stock. On the ratings front, 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, January 6th. Finally, analysts at Zacks upgraded shares of Brinker International from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 3rd. They now have a $55.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $46.00.
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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