Bloomin’ Brands (BLMN) to Release Quarterly Earnings on Tuesday

Bloomin’ Brands (NASDAQ:BLMN) is set to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Bloomin’ Brands to post earnings of $0.75 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Friday, February 23rd. The restaurant operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Bloomin’ Brands had a return on equity of 73.67% and a net margin of 5.30%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company posted $0.68 EPS. Bloomin’ Brands’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts expect Bloomin’ Brands to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Bloomin’ Brands Trading Up 2.1 %

NASDAQ:BLMN opened at $25.61 on Monday. The firm has a market capitalization of $2.23 billion, a P/E ratio of 10.12, a P/E/G ratio of 9.85 and a beta of 2.02. The company has a quick ratio of 0.27, a current ratio of 0.34 and a debt-to-equity ratio of 1.89. The company has a fifty day moving average of $27.66 and a 200 day moving average of $26.18. Bloomin’ Brands has a 52 week low of $22.03 and a 52 week high of $30.13.

Bloomin’ Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 3.75%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 37.94%.

Analyst Upgrades and Downgrades

BLMN has been the subject of several research analyst reports. Citigroup raised their price objective on shares of Bloomin’ Brands from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. cut Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research note on Tuesday, January 23rd. Barclays raised their price objective on Bloomin’ Brands from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Finally, BMO Capital Markets increased their price target on shares of Bloomin’ Brands from $27.00 to $29.00 and gave the stock a “market perform” rating in a research note on Monday, February 26th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Bloomin’ Brands has a consensus rating of “Hold” and a consensus target price of $27.90.

About Bloomin’ Brands

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.