-$0.13 EPS Expected for Carrols Restaurant Group, Inc. (TAST) This Quarter

Wall Street brokerages expect Carrols Restaurant Group, Inc. (NASDAQ:TAST) to post ($0.13) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Carrols Restaurant Group’s earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at ($0.09). Carrols Restaurant Group posted earnings per share of ($0.08) in the same quarter last year, which would indicate a negative year over year growth rate of 62.5%. The business is expected to issue its next earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Carrols Restaurant Group will report full year earnings of $0.28 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.36. For the next financial year, analysts forecast that the business will report earnings of $0.79 per share, with EPS estimates ranging from $0.69 to $0.89. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Carrols Restaurant Group.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings results on Wednesday, February 27th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The company had revenue of $307.75 million during the quarter, compared to analyst estimates of $346.38 million. Carrols Restaurant Group had a net margin of 0.86% and a return on equity of 7.64%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Saturday, March 2nd. BidaskClub raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, ValuEngine lowered Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.88.

TAST traded down $0.02 during trading on Friday, reaching $9.97. The company’s stock had a trading volume of 695,942 shares, compared to its average volume of 227,881. Carrols Restaurant Group has a 52-week low of $8.42 and a 52-week high of $16.40. The firm has a market capitalization of $369.67 million, a PE ratio of 33.23, a P/E/G ratio of 1.80 and a beta of 0.31. The company has a current ratio of 0.42, a quick ratio of 0.30 and a debt-to-equity ratio of 1.56.

Several large investors have recently made changes to their positions in TAST. Quantamental Technologies LLC purchased a new stake in shares of Carrols Restaurant Group during the 4th quarter worth approximately $31,000. Macquarie Group Ltd. boosted its stake in shares of Carrols Restaurant Group by 43.7% during the 4th quarter. Macquarie Group Ltd. now owns 5,264 shares of the restaurant operator’s stock worth $52,000 after acquiring an additional 1,600 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Carrols Restaurant Group by 31.7% during the 4th quarter. Legal & General Group Plc now owns 6,502 shares of the restaurant operator’s stock worth $64,000 after acquiring an additional 1,564 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Carrols Restaurant Group by 331.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,779 shares of the restaurant operator’s stock worth $96,000 after acquiring an additional 7,512 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Carrols Restaurant Group during the 3rd quarter worth approximately $107,000. 90.18% of the stock is currently owned by institutional investors and hedge funds.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.

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Earnings History and Estimates for Carrols Restaurant Group (NASDAQ:TAST)

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