Bloomin’ Brands, Inc. (BLMN) Issues FY17 Earnings Guidance
Bloomin’ Brands, Inc. (NASDAQ:BLMN) updated its FY17 earnings guidance on Friday. The company provided EPS guidance of $1.31-1.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.40.
A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Bloomin’ Brands from a buy rating to a hold rating in a research note on Wednesday, July 19th. Deutsche Bank AG reissued a hold rating and issued a $24.00 target price (up from $21.00) on shares of Bloomin’ Brands in a research note on Monday, July 10th. Raymond James Financial, Inc. set a $24.00 target price on shares of Bloomin’ Brands and gave the stock a buy rating in a research note on Thursday, July 27th. TheStreet lowered shares of Bloomin’ Brands from a b rating to a c+ rating in a research note on Wednesday, July 26th. Finally, Barclays PLC decreased their target price on shares of Bloomin’ Brands from $23.00 to $22.00 and set an overweight rating on the stock in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $20.78.
Bloomin’ Brands, Inc. (BLMN) traded down $0.30 during mid-day trading on Friday, hitting $17.30. 3,944,971 shares of the stock traded hands, compared to its average volume of 1,056,285. The stock has a market cap of $1.62 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.01 and a beta of 0.54. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.28 and a current ratio of 0.35.
Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The firm had revenue of $948.90 million during the quarter, compared to analysts’ expectations of $944.30 million. Bloomin’ Brands had a net margin of 2.29% and a return on equity of 74.68%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. equities research analysts predict that Bloomin’ Brands, Inc. will post 1.39 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be given a $0.08 dividend. This is a positive change 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 presently 35.56%.
Bloomin’ Brands Company Profile
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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