Wall Street analysts forecast that Bloomin' Brands Inc (NASDAQ:BLMN) will post earnings of $0.60 per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Bloomin' Brands’ earnings. The lowest EPS estimate is $0.55 and the highest is $0.68. Bloomin' Brands posted earnings of $0.54 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The business is expected to issue its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Bloomin' Brands will report full-year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.40 to $1.43. For the next financial year, analysts expect that the business will report earnings of $1.52 per share, with EPS estimates ranging from $1.47 to $1.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Bloomin' Brands.
Bloomin' Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. Bloomin' Brands had a return on equity of 133.73% and a net margin of 2.38%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share.
In other Bloomin' Brands news, Chairman Elizabeth A. Smith sold 375,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $20.79, for a total value of $7,796,250.00. Following the completion of the sale, the chairman now owns 206,235 shares of the company’s stock, valued at $4,287,625.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Kappitt sold 22,473 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $23.32, for a total transaction of $524,070.36. Following the completion of the sale, the executive vice president now directly owns 5,076 shares of the company’s stock, valued at approximately $118,372.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 859,205 shares of company stock valued at $19,249,336. 7.47% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Earnest Partners LLC lifted its stake in Bloomin' Brands by 30.9% in the fourth quarter. Earnest Partners LLC now owns 5,268,819 shares of the restaurant operator’s stock worth $112,437,000 after purchasing an additional 1,245,120 shares during the last quarter. Jana Partners LLC bought a new stake in shares of Bloomin' Brands during the third quarter valued at approximately $73,480,000. LSV Asset Management raised its stake in shares of Bloomin' Brands by 15.9% during the fourth quarter. LSV Asset Management now owns 3,517,296 shares of the restaurant operator’s stock valued at $75,059,000 after acquiring an additional 482,900 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bloomin' Brands by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,960,065 shares of the restaurant operator’s stock valued at $52,097,000 after acquiring an additional 23,110 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Bloomin' Brands by 0.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,277,021 shares of the restaurant operator’s stock valued at $48,592,000 after acquiring an additional 6,128 shares in the last quarter. 98.85% of the stock is owned by institutional investors and hedge funds.
Bloomin' Brands (NASDAQ BLMN) opened at $24.28 on Tuesday. The firm has a market capitalization of $2,264.77, a PE ratio of 24.78, a PEG ratio of 1.76 and a beta of 0.44. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 22.07. Bloomin' Brands has a 12-month low of $16.11 and a 12-month high of $24.50.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Monday, March 5th will be given a $0.09 dividend. The ex-dividend date is Friday, March 2nd. This represents a $0.36 annualized dividend and a yield of 1.48%. This is a positive change from Bloomin' Brands’s previous quarterly dividend of $0.08. Bloomin' Brands’s dividend payout ratio (DPR) is currently 36.73%.
Bloomin' Brands declared that its board has approved a stock buyback program on Thursday, February 22nd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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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