Bloomin’ Brands, Inc. (BLMN) Updates FY17 Earnings Guidance
Bloomin’ Brands, Inc. (NASDAQ:BLMN) issued an update on its FY17 earnings guidance on Friday morning. The company provided earnings per share guidance of $1.31-1.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.40.
Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The company had revenue of $948.90 million for the quarter, compared to the consensus estimate of $944.30 million. During the same quarter last year, the business posted $0.19 EPS. Bloomin’ Brands’s quarterly revenue was down 5.6% on a year-over-year basis.
A number of brokerages have issued reports on BLMN. BidaskClub cut Bloomin’ Brands from a buy rating to a hold rating in a report on Wednesday, July 19th. Deutsche Bank AG restated a hold rating and set a $24.00 target price (up previously from $21.00) on shares of Bloomin’ Brands in a report on Monday, July 10th. Raymond James Financial, Inc. set a $24.00 target price on Bloomin’ Brands and gave the stock a buy rating in a report on Thursday, July 27th. TheStreet cut Bloomin’ Brands from a b rating to a c+ rating in a report on Wednesday, July 26th. Finally, Barclays PLC reduced their target price on Bloomin’ Brands from $23.00 to $22.00 and set an overweight rating on the stock in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price 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.
Receive News & Ratings for Bloomin' Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.