Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) issued its quarterly earnings results on Tuesday. The restaurant operator reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05), Briefing.com reports. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Bloomin’ Brands had a net margin of 5.30% and a return on equity of 73.67%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.98 EPS. Bloomin’ Brands updated its Q2 guidance to $0.55-$0.60 EPS and its FY24 guidance to $2.51-$2.66 EPS.
Bloomin’ Brands Stock Down 4.0 %
BLMN opened at $23.96 on Wednesday. The company has a market capitalization of $2.09 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 9.85 and a beta of 2.02. The firm has a 50-day simple moving average of $27.54 and a two-hundred day simple moving average of $26.19. The company has a quick ratio of 0.27, a current ratio of 0.34 and a debt-to-equity ratio of 1.89. 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. Investors of record on Wednesday, March 6th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Tuesday, March 5th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 37.94%.
Analysts Set New Price Targets
Read Our Latest Research Report on BLMN
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.
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