Analysts forecast that Brinker International, Inc. (NYSE:EAT) will report earnings of $1.36 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Brinker International’s earnings, with the highest EPS estimate coming in at $1.44 and the lowest estimate coming in at $1.31. Brinker International reported earnings of $1.19 per share in the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The firm is expected to issue its next earnings results on Tuesday, August 13th.

According to Zacks, analysts expect that Brinker International will report full year earnings of $3.92 per share for the current fiscal year, with EPS estimates ranging from $3.83 to $4.05. For the next fiscal year, analysts anticipate that the company will report earnings of $4.02 per share, with EPS estimates ranging from $3.86 to $4.23. Zacks’ EPS averages are an average based on a survey of analysts that follow Brinker International.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.26 EPS for the quarter, topping the consensus estimate of $1.20 by $0.06. Brinker International had a net margin of 4.75% and a negative return on equity of 19.10%. The business had revenue of $839.30 million for the quarter, compared to analysts’ expectations of $831.16 million. During the same quarter last year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year.

EAT has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $53.00 price target on shares of Brinker International in a research report on Wednesday, January 30th. Zacks Investment Research cut shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Maxim Group reaffirmed a “buy” rating and set a $58.00 price target (up previously from $55.00) on shares of Brinker International in a research report on Wednesday, January 23rd. UBS Group initiated coverage on shares of Brinker International in a research report on Friday, April 26th. They set a “sell” rating and a $39.00 price target on the stock. Finally, ValuEngine cut shares of Brinker International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $45.69.

In other Brinker International news, EVP Kelly C. Baltes bought 800 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $42.05 per share, with a total value of $33,640.00. Following the completion of the acquisition, the executive vice president now directly owns 13,134 shares of the company’s stock, valued at approximately $552,284.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.72% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Enlightenment Research LLC bought a new position in Brinker International in the fourth quarter worth about $31,000. Clarus Wealth Advisors bought a new position in Brinker International in the fourth quarter worth about $36,000. First Hawaiian Bank lifted its holdings in Brinker International by 164.2% in the fourth quarter. First Hawaiian Bank now owns 1,770 shares of the restaurant operator’s stock worth $78,000 after acquiring an additional 1,100 shares during the last quarter. Strategy Asset Managers LLC bought a new position in Brinker International in the first quarter worth about $79,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Brinker International in the fourth quarter worth about $97,000.

Shares of EAT stock traded up $0.38 during trading hours on Thursday, hitting $41.00. 682,479 shares of the company were exchanged, compared to its average volume of 1,084,188. Brinker International has a one year low of $40.29 and a one year high of $54.14. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.28 and a beta of 0.11.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 7th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.52 dividend on an annualized basis and a yield of 3.71%. Brinker International’s dividend payout ratio is currently 43.43%.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.

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Earnings History and Estimates for Brinker International (NYSE:EAT)

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