Brinker International (EAT) Set to Announce Quarterly Earnings on Tuesday

Brinker International (NYSE:EAT) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, January 30th.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, November 1st. The restaurant operator reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The business had revenue of $739.40 million for the quarter, compared to the consensus estimate of $749.05 million. Brinker International had a net margin of 4.39% and a negative return on equity of 30.36%. Brinker International’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. On average, analysts expect Brinker International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Brinker International (NYSE:EAT) opened at $38.39 on Tuesday. The company has a debt-to-equity ratio of -2.51, a quick ratio of 0.28 and a current ratio of 0.34. The company has a market capitalization of $1,780.00, a P/E ratio of 13.86, a P/E/G ratio of 0.85 and a beta of 0.24. Brinker International has a twelve month low of $29.50 and a twelve month high of $47.23.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 8th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.96%. Brinker International’s dividend payout ratio is presently 54.87%.

In other news, insider Wyman Roberts sold 33,683 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $37.88, for a total value of $1,275,912.04. Following the sale, the insider now directly owns 137,572 shares of the company’s stock, valued at $5,211,227.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andres Tinajero sold 200,000 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $0.57, for a total value of $114,000.00. Over the last three months, insiders sold 237,047 shares of company stock worth $1,500,924. Insiders own 1.91% of the company’s stock.

Several equities research analysts recently weighed in on the company. Maxim Group reaffirmed a “buy” rating and issued a $49.00 price target on shares of Brinker International in a research note on Thursday, November 2nd. Zacks Investment Research raised Brinker International from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Friday, October 13th. Stephens reduced their price target on Brinker International from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Barclays reduced their price target on Brinker International from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 18th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Brinker International in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $40.82.

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Brinker International Company Profile

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

Earnings History for Brinker International (NYSE:EAT)

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