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

Bloomin’ Brands (NASDAQ:BLMN) is set to release 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 interested in participating in the company’s earnings conference call can do so using this link.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.07). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.74 earnings per share. 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 Price Performance

NASDAQ BLMN opened at $16.99 on Thursday. Bloomin’ Brands has a 1 year low of $15.14 and a 1 year high of $30.13. The business’s fifty day moving average is $16.49 and its two-hundred day moving average is $18.98. The stock has a market capitalization of $1.44 billion, a P/E ratio of 65.35 and a beta of 2.04. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.26 and a current ratio of 0.35.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BLMN shares. Deutsche Bank Aktiengesellschaft cut their target price on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Bank of America cut their price objective on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Barclays dropped their target price 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. Citigroup cut their price target on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 19th. Finally, Morgan Stanley decreased their price objective on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.33.

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.