Zacks: Brokerages Expect Bloomin’ Brands, Inc. (BLMN) Will Post Earnings of $0.16 Per Share
Equities research analysts expect Bloomin’ Brands, Inc. (NASDAQ:BLMN) to announce $0.16 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Bloomin’ Brands’ earnings, with estimates ranging from $0.09 to $0.19. Bloomin’ Brands reported earnings of $0.20 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The company is expected to report its next quarterly earnings report on Friday, October 27th.
On average, analysts expect that Bloomin’ Brands will report full year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.44. For the next year, analysts forecast that the company will post earnings of $1.48 per share, with EPS estimates ranging from $1.35 to $1.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Bloomin’ Brands.
Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS.
BLMN has been the subject of a number of research reports. BidaskClub downgraded Bloomin’ Brands from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Raymond James Financial, Inc. set a $24.00 price objective on Bloomin’ Brands and gave the stock a “buy” rating in a report on Thursday, July 27th. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price objective on shares of Bloomin’ Brands in a report on Thursday, August 31st. Wells Fargo & Company downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a report on Friday, May 19th. Finally, ValuEngine downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $20.63.
Shares of Bloomin’ Brands (NASDAQ:BLMN) traded up 0.23% during midday trading on Friday, hitting $17.18. The stock had a trading volume of 3,984,640 shares. Bloomin’ Brands has a one year low of $15.82 and a one year high of $22.16. The company has a market capitalization of $1.70 billion, a PE ratio of 19.05 and a beta of 0.73. The firm’s 50-day moving average is $17.22 and its 200 day moving average is $19.39.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.32 annualized dividend and a yield of 1.86%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 35.56%.
A number of hedge funds and other institutional investors have recently modified their holdings of BLMN. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Bloomin’ Brands by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,144 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 476 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Bloomin’ Brands by 83.2% in the second quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 3,472 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Bloomin’ Brands in the first quarter valued at approximately $173,000. Public Employees Retirement System of Ohio lifted its position in shares of Bloomin’ Brands by 8.6% in the first quarter. Public Employees Retirement System of Ohio now owns 8,794 shares of the restaurant operator’s stock valued at $174,000 after buying an additional 693 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of Bloomin’ Brands in the second quarter valued at approximately $201,000.
Bloomin’ Brands Company Profile
Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
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