Zacks: Brokerages Expect Bloomin’ Brands, Inc. (NASDAQ:BLMN) to Announce $0.63 EPS

Brokerages predict that Bloomin’ Brands, Inc. (NASDAQ:BLMNGet Rating) will report $0.63 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Bloomin’ Brands’ earnings. The highest EPS estimate is $0.67 and the lowest is $0.60. Bloomin’ Brands posted earnings per share of $0.81 in the same quarter last year, which would suggest a negative year over year growth rate of 22.2%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Bloomin’ Brands will report full-year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.45 to $2.54. For the next fiscal year, analysts anticipate that the company will post earnings of $2.84 per share, with EPS estimates ranging from $2.47 to $3.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Bloomin’ Brands.

Bloomin’ Brands (NASDAQ:BLMNGet Rating) last released its quarterly earnings data on Friday, April 29th. The restaurant operator reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. Bloomin’ Brands had a return on equity of 131.48% and a net margin of 5.20%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business posted $0.72 EPS. The company’s revenue was up 15.5% on a year-over-year basis.

BLMN has been the topic of several recent research reports. Morgan Stanley lowered their price objective on Bloomin’ Brands from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 14th. William Blair restated an “outperform” rating on shares of Bloomin’ Brands in a research report on Friday, February 18th. Citigroup started coverage on shares of Bloomin’ Brands in a report on Tuesday, April 12th. They issued a “neutral” rating and a $24.00 price objective for the company. Barclays increased their target price on shares of Bloomin’ Brands from $26.00 to $29.00 in a research note on Tuesday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $30.00 target price on shares of Bloomin’ Brands in a research report on Friday, April 29th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $28.82.

In related news, Director Elizabeth A. Smith sold 191,131 shares of the stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $24.14, for a total value of $4,613,902.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.85% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP raised its holdings in shares of Bloomin’ Brands by 1,050.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 230,000 shares of the restaurant operator’s stock worth $5,750,000 after acquiring an additional 210,000 shares during the period. BNP Paribas Arbitrage SA raised its stake in Bloomin’ Brands by 91.2% during the third quarter. BNP Paribas Arbitrage SA now owns 97,281 shares of the restaurant operator’s stock worth $2,432,000 after purchasing an additional 46,400 shares during the period. Principal Financial Group Inc. boosted its holdings in Bloomin’ Brands by 23.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,600,303 shares of the restaurant operator’s stock valued at $40,008,000 after purchasing an additional 304,437 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in shares of Bloomin’ Brands in the 4th quarter valued at approximately $3,222,000. Finally, Wintrust Investments LLC acquired a new stake in shares of Bloomin’ Brands during the 4th quarter worth approximately $209,000.

Shares of BLMN stock opened at $22.08 on Monday. Bloomin’ Brands has a twelve month low of $17.29 and a twelve month high of $30.75. The stock has a market cap of $1.96 billion, a P/E ratio of 10.51 and a beta of 1.79. The stock has a 50 day moving average of $21.57 and a 200 day moving average of $21.12. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 2.42.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, May 10th. This represents a $0.56 annualized dividend and a yield of 2.54%. Bloomin’ Brands’s dividend payout ratio (DPR) is currently 26.67%.

Bloomin’ Brands Company Profile (Get Rating)

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.

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

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