Bloomin’ Brands, Inc. (NASDAQ:BLMN) – Stock analysts at William Blair reduced their Q3 2017 earnings per share (EPS) estimates for shares of Bloomin’ Brands in a research report issued on Thursday. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings of $0.11 per share for the quarter, down from their previous forecast of $0.16. William Blair also issued estimates for Bloomin’ Brands’ FY2017 earnings at $1.36 EPS.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. Bloomin’ Brands’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. ILLEGAL ACTIVITY WARNING: “Bloomin’ Brands, Inc. Expected to Earn Q3 2017 Earnings of $0.11 Per Share (BLMN)” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/23/bloomin-brands-inc-expected-to-earn-q3-2017-earnings-of-0-11-per-share-blmn.html.

Several other brokerages also recently commented on BLMN. BidaskClub downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and issued a $19.00 target price on shares of Bloomin’ Brands in a research note on Thursday, October 12th. ValuEngine downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Raymond James Financial, Inc. set a $24.00 price target on Bloomin’ Brands and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Barclays PLC dropped their price target on Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.78.

Bloomin’ Brands (BLMN) opened at 18.01 on Monday. Bloomin’ Brands has a 1-year low of $15.82 and a 1-year high of $22.16. The company has a 50-day moving average price of $17.31 and a 200-day moving average price of $19.23. The firm has a market cap of $1.78 billion, a P/E ratio of 19.97 and a beta of 0.65.

Several institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Bloomin’ Brands by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,144 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 476 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Bloomin’ Brands by 83.2% during the 2nd 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 in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Bloomin’ Brands by 8.6% during the 1st 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 in the last quarter. Parametrica Management Ltd purchased a new position in shares of Bloomin’ Brands during the 2nd quarter valued at about $201,000. Finally, SG Americas Securities LLC raised its holdings in shares of Bloomin’ Brands by 4.8% during the 2nd quarter. SG Americas Securities LLC now owns 9,662 shares of the restaurant operator’s stock valued at $205,000 after buying an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 99.89% of the company’s stock.

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.

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

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