Analysts expect that Bloomin’ Brands, Inc. (NASDAQ:BLMN) will announce $944.52 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Bloomin’ Brands’ earnings, with estimates ranging from $934.50 million to $956.57 million. Bloomin’ Brands posted sales of $1.01 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.5%. The business is scheduled to issue its next quarterly earnings results on Friday, October 27th.

According to Zacks, analysts expect that Bloomin’ Brands will report full year sales of $944.52 million for the current fiscal year, with estimates ranging from $4.13 billion to $4.24 billion. For the next financial year, analysts forecast that the company will post sales of $4.15 billion per share, with estimates ranging from $4.09 billion to $4.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Bloomin’ Brands.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. The firm had revenue of $1.03 billion for 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 business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS.

Several brokerages have recently issued reports on BLMN. Zacks Investment Research downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. ValuEngine downgraded shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price target on shares of Bloomin’ Brands in a report on Thursday, August 31st. BidaskClub downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, TheStreet downgraded shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $20.63.

Several institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in shares of Bloomin’ Brands by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 9,333 shares of the restaurant operator’s stock worth $198,000 after purchasing an additional 539 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Bloomin’ Brands in the second quarter worth $547,000. Castleark Management LLC bought a new stake in shares of Bloomin’ Brands in the second quarter worth $9,699,000. Earnest Partners LLC grew its stake in shares of Bloomin’ Brands by 1.1% in the second quarter. Earnest Partners LLC now owns 3,955,188 shares of the restaurant operator’s stock worth $83,969,000 after purchasing an additional 43,963 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Bloomin’ Brands in the second quarter worth $1,453,000.

Bloomin’ Brands (BLMN) opened at 17.33 on Friday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 19.21 and a beta of 0.65. The firm has a 50-day moving average price of $17.16 and a 200-day moving average price of $19.35. Bloomin’ Brands has a 12 month low of $15.82 and a 12 month high of $22.16.

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About Bloomin’ Brands

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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Earnings History and Estimates for Bloomin` Brands (NASDAQ:BLMN)

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