Bloomin’ Brands (BLMN) Projected to Post Quarterly Earnings on Wednesday

Bloomin’ Brands (NASDAQ:BLMN) is anticipated to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Bloomin’ Brands to post earnings of $0.38 per share and revenue of $1.08 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Bloomin’ Brands Stock Performance

Bloomin’ Brands stock opened at $12.18 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The company has a market capitalization of $1.03 billion, a PE ratio of -110.72 and a beta of 1.97. The firm has a fifty day simple moving average of $12.07 and a two-hundred day simple moving average of $14.56. Bloomin’ Brands has a twelve month low of $10.85 and a twelve month high of $30.13.

Analysts Set New Price Targets

Several analysts have weighed in on BLMN shares. Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. UBS Group lowered their price target on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Bank of America downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $18.00 to $13.00 in a research note on Monday, January 27th. Piper Sandler lowered their price target on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Finally, Barclays restated an “equal weight” rating and issued a $13.00 price objective (down previously from $19.00) on shares of Bloomin’ Brands in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.30.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.