Equities analysts predict that Bloomin’ Brands Inc (NASDAQ:BLMN) will report $0.08 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Bloomin’ Brands’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.12. Bloomin’ Brands posted earnings of $0.12 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The firm is expected to report its next earnings report on Friday, November 2nd.

According to Zacks, analysts expect that Bloomin’ Brands will report full-year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.39 to $1.45. For the next year, analysts forecast that the company will post earnings of $1.50 per share, with EPS estimates ranging from $1.38 to $1.54. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Bloomin’ Brands.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Monday, July 30th. The restaurant operator reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.08. Bloomin’ Brands had a return on equity of 215.75% and a net margin of 2.70%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year.

Several research firms have commented on BLMN. BidaskClub downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Goldman Sachs Group raised Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $18.00 target price on the stock in a report on Tuesday, September 11th. ValuEngine raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Bank of America dropped their target price on Bloomin’ Brands from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, July 31st. Finally, Wells Fargo & Co dropped their target price on Bloomin’ Brands from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Bloomin’ Brands has a consensus rating of “Hold” and an average price target of $23.33.

Bloomin’ Brands stock traded down $0.21 during mid-day trading on Tuesday, hitting $20.13. The company had a trading volume of 1,894,799 shares, compared to its average volume of 1,128,349. The company has a current ratio of 0.39, a quick ratio of 0.32 and a debt-to-equity ratio of 12.18. Bloomin’ Brands has a 12 month low of $16.30 and a 12 month high of $25.00. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34.

In other news, Chairman Elizabeth A. Smith sold 152,587 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $18.45, for a total transaction of $2,815,230.15. Following the transaction, the chairman now directly owns 394,152 shares of the company’s stock, valued at $7,272,104.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Elizabeth A. Smith sold 68,222 shares of the company’s stock in a transaction on Monday, June 25th. The shares were sold at an average price of $22.12, for a total value of $1,509,070.64. Following the transaction, the chairman now directly owns 210,174 shares in the company, valued at $4,649,048.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 224,309 shares of company stock worth $4,391,396. Corporate insiders own 7.47% of the company’s stock.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Bloomin’ Brands by 8.0% during the second quarter. BlackRock Inc. now owns 7,189,407 shares of the restaurant operator’s stock valued at $144,507,000 after purchasing an additional 532,417 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Bloomin’ Brands by 1.9% during the first quarter. Earnest Partners LLC now owns 5,369,962 shares of the restaurant operator’s stock valued at $130,383,000 after purchasing an additional 101,143 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Bloomin’ Brands by 7.9% during the second quarter. Glenmede Trust Co. NA now owns 2,625,827 shares of the restaurant operator’s stock valued at $52,779,000 after purchasing an additional 192,494 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Bloomin’ Brands by 182.2% during the first quarter. Millennium Management LLC now owns 2,462,139 shares of the restaurant operator’s stock valued at $59,781,000 after purchasing an additional 1,589,579 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Bloomin’ Brands by 29.5% during the second quarter. Bank of America Corp DE now owns 1,609,633 shares of the restaurant operator’s stock valued at $32,354,000 after purchasing an additional 366,800 shares in the last quarter. 97.27% of the stock is currently owned by hedge funds and other institutional investors.

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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