Bloomin’ Brands (BLMN) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Bloomin’ Brands (NASDAQ:BLMN) posted its quarterly earnings results on Monday. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01, MarketWatch Earnings reports. The firm had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $965.17 million. Bloomin’ Brands had a net margin of 2.68% and a return on equity of 182.71%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. Bloomin’ Brands updated its FY 2018 guidance to $1.41-1.47 EPS and its FY18 guidance to $1.38-1.45 EPS.

Shares of NASDAQ:BLMN traded down $0.35 on Wednesday, reaching $19.98. 12,829 shares of the company’s stock were exchanged, compared to its average volume of 1,039,581. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.48 and a beta of 0.32. Bloomin’ Brands has a fifty-two week low of $16.30 and a fifty-two week high of $25.00. The company has a debt-to-equity ratio of 12.18, a quick ratio of 0.32 and a current ratio of 0.39.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 14th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.80%. Bloomin’ Brands’s dividend payout ratio (DPR) is 26.47%.

Several analysts recently issued reports on the stock. Raymond James raised shares of Bloomin’ Brands from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Tuesday, July 17th. Goldman Sachs Group raised shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $18.00 price target on the stock in a report on Tuesday, September 11th. Barclays upped their price target on shares of Bloomin’ Brands from $28.00 to $29.00 and gave the company a “$21.25” rating in a report on Wednesday, July 18th. BidaskClub cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Finally, TheStreet cut shares of Bloomin’ Brands from a “b-” rating to a “c+” rating in a report on Monday. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.70.

In other Bloomin’ Brands news, EVP Donagh Herlihy sold 7,581 shares of the stock in a transaction on Friday, October 5th. The shares were sold at an average price of $20.00, for a total transaction of $151,620.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David Peter Schmidt sold 3,500 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $19.17, for a total transaction of $67,095.00. Following the sale, the executive vice president now directly owns 4,828 shares in the company, valued at $92,552.76. The disclosure for this sale can be found here. 7.47% of the stock is currently owned by corporate insiders.

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 for Bloomin` Brands (NASDAQ:BLMN)

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