$0.11 EPS Expected for Bloomin’ Brands Inc (NASDAQ:BLMN) This Quarter

Equities analysts expect that Bloomin’ Brands Inc (NASDAQ:BLMN) will report earnings per share (EPS) of $0.11 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Bloomin’ Brands’ earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.17. Bloomin’ Brands reported earnings per share of $0.10 during the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The company is scheduled to report its next quarterly earnings report on Monday, November 4th.

According to Zacks, analysts expect that Bloomin’ Brands will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.62. For the next year, analysts expect that the business will post earnings of $1.70 per share, with EPS estimates ranging from $1.55 to $1.78. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Bloomin’ Brands.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Wednesday, July 31st. The restaurant operator reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 113.33% and a net margin of 2.62%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 EPS.

Several brokerages recently commented on BLMN. Deutsche Bank began coverage on Bloomin’ Brands in a research report on Friday, June 28th. They set a “buy” rating and a $24.00 price target for the company. Tigress Financial reiterated a “buy” rating on shares of Bloomin’ Brands in a research report on Thursday, April 18th. JPMorgan Chase & Co. dropped their price target on Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, June 28th. Zacks Investment Research upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Monday, July 15th. Finally, BidaskClub cut Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Saturday, June 22nd. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Bloomin’ Brands currently has a consensus rating of “Hold” and an average target price of $21.50.

Shares of BLMN traded up $0.07 during trading hours on Friday, hitting $17.22. 998,269 shares of the stock were exchanged, compared to its average volume of 1,464,700. The company has a debt-to-equity ratio of 9.20, a quick ratio of 0.21 and a current ratio of 0.30. Bloomin’ Brands has a 12-month low of $16.95 and a 12-month high of $22.22. The firm has a market capitalization of $1.56 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 1.08 and a beta of 0.23. The stock has a 50-day moving average price of $18.18.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, August 9th. Bloomin’ Brands’s payout ratio is currently 26.67%.

In other Bloomin’ Brands news, Chairman Elizabeth A. Smith sold 65,486 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $20.00, for a total value of $1,309,720.00. Following the completion of the sale, the chairman now directly owns 411,733 shares in the company, valued at approximately $8,234,660. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Elizabeth A. Smith sold 116,318 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $19.99, for a total value of $2,325,196.82. Following the completion of the sale, the insider now owns 411,733 shares of the company’s stock, valued at $8,230,542.67. The disclosure for this sale can be found here. 4.39% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Everence Capital Management Inc. purchased a new stake in Bloomin’ Brands in the 2nd quarter valued at $243,000. Swiss National Bank grew its holdings in Bloomin’ Brands by 13.5% in the 2nd quarter. Swiss National Bank now owns 161,600 shares of the restaurant operator’s stock valued at $3,056,000 after buying an additional 19,200 shares in the last quarter. Comerica Bank grew its holdings in Bloomin’ Brands by 57.8% in the 2nd quarter. Comerica Bank now owns 220,404 shares of the restaurant operator’s stock valued at $3,925,000 after buying an additional 80,715 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Bloomin’ Brands by 60.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 80,115 shares of the restaurant operator’s stock valued at $1,515,000 after buying an additional 30,042 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Bloomin’ Brands by 7.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,300 shares of the restaurant operator’s stock valued at $401,000 after buying an additional 1,488 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

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, an upscale casual seafood restaurant; 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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