Analysts expect that Bloomin' Brands Inc (NASDAQ:BLMN) will report earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Bloomin' Brands’ earnings, with estimates ranging from $0.36 to $0.41. Bloomin' Brands reported earnings per share of $0.31 in the same quarter last year, which would suggest a positive year over year growth rate of 22.6%. The business is scheduled to announce its next quarterly earnings results on Friday, February 16th.

On average, analysts expect that Bloomin' Brands will report full year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.36. For the next fiscal year, analysts anticipate that the business will report earnings of $1.36 per share, with EPS estimates ranging from $1.24 to $1.45. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Bloomin' Brands.

Bloomin' Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Bloomin' Brands had a net margin of 1.93% and a return on equity of 94.30%. The company had revenue of $948.90 million during the quarter, compared to the consensus estimate of $944.30 million. During the same quarter last year, the firm posted $0.19 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis.

A number of equities research analysts have commented on BLMN shares. ValuEngine lowered Bloomin' Brands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group reiterated a “hold” rating and issued a $19.00 price target on shares of Bloomin' Brands in a research report on Thursday, August 31st. Credit Suisse Group cut their target price on Bloomin' Brands from $18.50 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Bank of America lowered Bloomin' Brands from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research report on Wednesday, November 22nd. Finally, BMO Capital Markets cut their target price on Bloomin' Brands from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Bloomin' Brands has a consensus rating of “Hold” and an average price target of $21.00.

In related news, CEO Elizabeth A. Smith sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $17.00, for a total transaction of $28,900.00. Following the transaction, the chief executive officer now directly owns 82,935 shares of the company’s stock, valued at approximately $1,409,895. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Elizabeth A. Smith sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $17.00, for a total value of $1,700,000.00. Following the transaction, the chairman now directly owns 82,935 shares in the company, valued at $1,409,895. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,700 shares of company stock worth $2,240,650. 7.04% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of BLMN. Teachers Advisors LLC raised its stake in Bloomin' Brands by 4.2% during the 1st quarter. Teachers Advisors LLC now owns 208,724 shares of the restaurant operator’s stock worth $4,118,000 after buying an additional 8,400 shares during the period. California Public Employees Retirement System raised its stake in Bloomin' Brands by 16.1% during the 1st quarter. California Public Employees Retirement System now owns 69,400 shares of the restaurant operator’s stock worth $1,369,000 after buying an additional 9,600 shares during the period. Public Employees Retirement System of Ohio raised its stake in 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 worth $174,000 after buying an additional 693 shares during the period. Bank of Montreal Can raised its stake in Bloomin' Brands by 3.5% during the 2nd quarter. Bank of Montreal Can now owns 35,703 shares of the restaurant operator’s stock worth $758,000 after buying an additional 1,221 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Bloomin' Brands during the 2nd quarter worth approximately $953,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Bloomin' Brands (NASDAQ BLMN) traded up $0.10 during midday trading on Thursday, hitting $21.47. The company’s stock had a trading volume of 1,297,234 shares, compared to its average volume of 1,540,017. Bloomin' Brands has a 1 year low of $16.11 and a 1 year high of $22.16. The company has a market cap of $1,899.32, a price-to-earnings ratio of 16.65, a PEG ratio of 1.25 and a beta of 0.54. The company has a debt-to-equity ratio of 31.17, a current ratio of 0.36 and a quick ratio of 0.29.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 13th were given a dividend of $0.08 per share. This is a positive change from Bloomin' Brands’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, November 10th. This represents a $0.32 annualized dividend and a dividend yield of 1.49%. Bloomin' Brands’s dividend payout ratio is presently 41.56%.

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

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