Bloomin’ Brands, Inc. (BLMN) Announces Earnings Results
Bloomin’ Brands, Inc. (NASDAQ:BLMN) posted its quarterly earnings results on Friday. The restaurant operator reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04), Bloomberg Earnings reports. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The business had revenue of $948.90 million for the quarter, compared to analyst estimates of $944.30 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Bloomin’ Brands updated its FY17 guidance to $1.31-1.36 EPS.
Shares of Bloomin’ Brands (NASDAQ BLMN) remained flat at $$17.30 during trading hours on Friday. The stock had a trading volume of 3,944,971 shares, compared to its average volume of 1,056,285. The stock has a market capitalization of $1,615.92, a PE ratio of 13.84, a P/E/G ratio of 1.01 and a beta of 0.54. The company has a debt-to-equity ratio of 10.69, a current ratio of 0.35 and a quick ratio of 0.28.
The firm also recently declared a dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 13th will be issued a $0.08 dividend. This is a boost from Bloomin’ Brands’s previous dividend of $0.06. The ex-dividend date of this dividend is Friday, November 10th. Bloomin’ Brands’s payout ratio is currently 41.56%.
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BLMN has been the subject of a number of analyst reports. Zacks Investment Research cut Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. BidaskClub cut Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Barclays PLC cut their price objective on Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, October 18th. Jefferies Group LLC reissued a “hold” rating and set a $19.00 price objective on shares of Bloomin’ Brands in a report on Thursday, October 12th. Finally, TheStreet cut Bloomin’ Brands from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $20.78.
About Bloomin’ Brands
Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
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