Equities research analysts predict that Bloomin’ Brands Inc (NASDAQ:BLMN) will report earnings of $0.11 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Bloomin’ Brands’ earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.06. Bloomin’ Brands posted earnings per share of $0.10 during the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is scheduled to announce its next quarterly earnings results 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 year, with EPS estimates ranging from $1.55 to $1.62. For the next financial year, analysts anticipate that the business will post earnings of $1.69 per share, with EPS estimates ranging from $1.55 to $1.75. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Bloomin’ Brands.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Wednesday, July 31st. The restaurant operator reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a return on equity of 105.54% and a net margin of 2.62%. Bloomin’ Brands’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share.

A number of analysts have weighed in on the company. BMO Capital Markets upgraded Bloomin’ Brands from an “underperform” rating to a “market perform” rating and raised their price target for the company from $17.00 to $19.00 in a research note on Thursday, September 5th. MKM Partners set a $20.00 price target on Bloomin’ Brands and gave the company a “buy” rating in a research note on Tuesday, September 3rd. BidaskClub upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Guggenheim upgraded Bloomin’ Brands from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, May 24th. Finally, TheStreet cut Bloomin’ Brands from a “b-” rating to a “c+” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.80.

Institutional investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. increased its position in shares of Bloomin’ Brands by 1.4% during the second quarter. UBS Asset Management Americas Inc. now owns 93,020 shares of the restaurant operator’s stock worth $1,759,000 after purchasing an additional 1,312 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Bloomin’ Brands by 7.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 21,300 shares of the restaurant operator’s stock worth $401,000 after purchasing an additional 1,488 shares in the last quarter. Advisor Group Inc. increased its position in shares of Bloomin’ Brands by 35.7% during the second quarter. Advisor Group Inc. now owns 7,144 shares of the restaurant operator’s stock worth $135,000 after purchasing an additional 1,881 shares in the last quarter. Comerica Bank increased its position in shares of Bloomin’ Brands by 1.7% during the first quarter. Comerica Bank now owns 139,689 shares of the restaurant operator’s stock worth $2,743,000 after purchasing an additional 2,395 shares in the last quarter. Finally, Factorial Partners LLC increased its position in shares of Bloomin’ Brands by 6.3% during the second quarter. Factorial Partners LLC now owns 42,300 shares of the restaurant operator’s stock worth $800,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors own 94.15% of the company’s stock.

NASDAQ:BLMN traded up $0.93 during midday trading on Tuesday, reaching $20.23. The company had a trading volume of 1,909,028 shares, compared to its average volume of 1,812,722. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.27 and a beta of 0.27. The stock’s fifty day simple moving average is $17.16 and its 200-day simple moving average is $18.91. Bloomin’ Brands has a 12-month low of $15.12 and a 12-month high of $22.22. The company has a current ratio of 0.30, a quick ratio of 0.21 and a debt-to-equity ratio of 15.18.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Friday, August 9th. Bloomin’ Brands’s dividend payout ratio is presently 26.67%.

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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