Bloomin' Brands (BLMN) to Release Quarterly Earnings on Friday
Bloomin' Brands (NASDAQ:BLMN) is scheduled to be announcing its Q114 earnings results on Friday, May 9th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $1.16 billion for the quarter.
Bloomin' Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. On average, analysts expect Bloomin' Brands to post $1.22 EPS for the current fiscal year and $1.47 EPS for the next fiscal year.
Shares of Bloomin' Brands (NASDAQ:BLMN) opened at 22.28 on Thursday. Bloomin' Brands has a one year low of $20.55 and a one year high of $27.27. The stock has a 50-day moving average of $22.98 and a 200-day moving average of $23.81. The company has a market cap of $2.767 billion and a price-to-earnings ratio of 13.58.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Bloomin' Brands in a research note on Tuesday, April 22nd. They now have a $27.00 price target on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Bloomin' Brands from $29.00 to $31.00 in a research note on Tuesday, April 15th. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank upgraded shares of Bloomin' Brands from a “hold” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $27.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.76.
Bloomin’ Brands, Inc is a holding company. It is a casual dining restaurant company with a portfolio of restaurant concepts.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.