Brokerages expect that Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Rating) will report $1.11 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Bloomin’ Brands’ earnings, with the highest sales estimate coming in at $1.12 billion and the lowest estimate coming in at $1.10 billion. Bloomin’ Brands reported sales of $1.08 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The business is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Bloomin’ Brands will report full year sales of $4.41 billion for the current fiscal year, with estimates ranging from $4.38 billion to $4.45 billion. For the next financial year, analysts expect that the firm will report sales of $4.62 billion, with estimates ranging from $4.52 billion to $4.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Bloomin’ Brands.
Bloomin’ Brands (NASDAQ:BLMN – Get Rating) last issued its quarterly earnings data on Friday, April 29th. The restaurant operator reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.06. Bloomin’ Brands had a net margin of 5.20% and a return on equity of 131.48%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business earned $0.72 EPS. The business’s quarterly revenue was up 15.5% on a year-over-year basis.
Shares of NASDAQ:BLMN opened at $21.11 on Wednesday. The firm’s 50 day moving average price is $21.24 and its 200-day moving average price is $21.00. Bloomin’ Brands has a twelve month low of $17.27 and a twelve month high of $30.40. The company has a quick ratio of 0.22, a current ratio of 0.29 and a debt-to-equity ratio of 2.42. The stock has a market capitalization of $1.87 billion, a PE ratio of 10.05 and a beta of 1.79.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Tuesday, May 10th. Bloomin’ Brands’s dividend payout ratio (DPR) is currently 26.67%.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Bloomin’ Brands by 13.0% in the first quarter. BlackRock Inc. now owns 15,152,121 shares of the restaurant operator’s stock valued at $332,436,000 after purchasing an additional 1,747,152 shares in the last quarter. Vanguard Group Inc. lifted its position in Bloomin’ Brands by 0.7% in the first quarter. Vanguard Group Inc. now owns 9,595,706 shares of the restaurant operator’s stock worth $210,531,000 after buying an additional 68,770 shares during the last quarter. Clearbridge Investments LLC lifted its position in Bloomin’ Brands by 171.3% in the first quarter. Clearbridge Investments LLC now owns 5,626,195 shares of the restaurant operator’s stock worth $123,439,000 after buying an additional 3,552,591 shares during the last quarter. State Street Corp lifted its position in Bloomin’ Brands by 2.7% in the first quarter. State Street Corp now owns 3,060,578 shares of the restaurant operator’s stock worth $67,149,000 after buying an additional 81,736 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Bloomin’ Brands by 2.8% in the first quarter. Jennison Associates LLC now owns 2,439,212 shares of the restaurant operator’s stock worth $53,516,000 after buying an additional 66,955 shares during the last quarter.
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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