Bloomin’ Brands, Inc. (BLMN) Scheduled to Post Quarterly Earnings on Friday
Bloomin’ Brands, Inc. (NASDAQ:BLMN) is scheduled to issue its quarterly earnings data before the market opens on Friday, November 3rd. Analysts expect the company to announce earnings of $0.16 per share for the quarter.
Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned $0.30 EPS. Bloomin’ Brands’s revenue was down 4.2% on a year-over-year basis. On average, analysts expect Bloomin’ Brands to post $1.40 EPS for the current fiscal year and $1.47 EPS for the next fiscal year.
Bloomin’ Brands, Inc. (NASDAQ BLMN) opened at 17.78 on Friday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 19.71 and a beta of 0.65. Bloomin’ Brands, Inc. has a 1-year low of $15.82 and a 1-year high of $22.16. The company’s 50-day moving average price is $17.34 and its 200 day moving average price is $19.19.
BLMN has been the topic of a number of research analyst reports. BidaskClub cut Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and set a $19.00 price objective on shares of Bloomin’ Brands in a research note on Thursday, October 12th. ValuEngine cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Raymond James Financial, Inc. set a $24.00 price objective on Bloomin’ Brands and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Barclays PLC reduced their price objective on Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.78.
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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