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

Bloomin’ Brands (NASDAQ:BLMN) will be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect Bloomin’ Brands to post earnings of $0.19 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $0.74 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts expect Bloomin’ Brands to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Bloomin’ Brands Stock Performance

Shares of BLMN opened at $16.59 on Friday. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.26 and a current ratio of 0.35. Bloomin’ Brands has a twelve month low of $15.14 and a twelve month high of $30.13. The firm’s 50 day moving average price is $16.64 and its two-hundred day moving average price is $19.35. The firm has a market cap of $1.43 billion, a P/E ratio of 25.92 and a beta of 2.04.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BLMN shares. Citigroup cut their price objective on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 19th. Bank of America cut their price objective on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays dropped their price target on shares of Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Bloomin’ Brands presently has a consensus rating of “Hold” and an average price target of $21.80.

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.