Bloomin’ Brands (BLMN) Set to Announce Earnings on Tuesday

Bloomin’ Brands (NASDAQ:BLMN) is set to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, February 23rd. The restaurant operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Bloomin’ Brands had a return on equity of 73.67% and a net margin of 5.30%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $0.68 earnings per share. Bloomin’ Brands’s revenue was up 9.1% compared to the same quarter last year. On average, analysts expect Bloomin’ Brands to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Bloomin’ Brands Trading Up 2.1 %

Shares of NASDAQ:BLMN opened at $25.61 on Monday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 9.85 and a beta of 2.02. Bloomin’ Brands has a 12 month low of $22.03 and a 12 month high of $30.13. The company’s fifty day simple moving average is $27.66 and its 200 day simple moving average is $26.18. The company has a quick ratio of 0.27, a current ratio of 0.34 and a debt-to-equity ratio of 1.89.

Bloomin’ Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Tuesday, March 5th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 37.94%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays increased their target price on shares of Bloomin’ Brands from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Citigroup raised their price objective on Bloomin’ Brands from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. BMO Capital Markets upped their target price on Bloomin’ Brands from $27.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. downgraded Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.90.

Bloomin’ Brands Company Profile

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.