Equities analysts forecast that Brinker International, Inc. (NYSE:EAT) will announce $837.78 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Brinker International’s earnings. The lowest sales estimate is $833.31 million and the highest is $845.43 million. Brinker International reported sales of $817.09 million in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 13th.
According to Zacks, analysts expect that Brinker International will report full year sales of $3.22 billion for the current fiscal year, with estimates ranging from $3.22 billion to $3.23 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.29 billion, with estimates ranging from $3.27 billion to $3.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Brinker International.
Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.06. The business had revenue of $839.30 million for the quarter, compared to analysts’ expectations of $831.16 million. Brinker International had a net margin of 4.75% and a negative return on equity of 19.10%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share.
Shares of EAT traded down $0.05 during mid-day trading on Friday, hitting $38.83. 555,182 shares of the company’s stock were exchanged, compared to its average volume of 1,101,221. Brinker International has a fifty-two week low of $40.29 and a fifty-two week high of $54.14. The stock has a market capitalization of $1.46 billion, a PE ratio of 11.09, a P/E/G ratio of 1.33 and a beta of 0.11.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 7th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.52 annualized dividend and a yield of 3.91%. Brinker International’s dividend payout ratio is currently 43.43%.
In related news, EVP Kelly C. Baltes purchased 800 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $42.05 per share, for a total transaction of $33,640.00. Following the completion of the purchase, the executive vice president now directly owns 13,134 shares of the company’s stock, valued at approximately $552,284.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.72% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC boosted its holdings in shares of Brinker International by 2.0% in the third quarter. Teachers Advisors LLC now owns 89,328 shares of the restaurant operator’s stock valued at $4,174,000 after acquiring an additional 1,743 shares during the period. Legal & General Group Plc boosted its holdings in shares of Brinker International by 5.3% in the third quarter. Legal & General Group Plc now owns 64,324 shares of the restaurant operator’s stock valued at $3,006,000 after acquiring an additional 3,210 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Brinker International by 8.0% in the third quarter. Vanguard Group Inc. now owns 4,909,754 shares of the restaurant operator’s stock valued at $229,433,000 after acquiring an additional 365,235 shares during the period. Federated Investors Inc. PA boosted its holdings in shares of Brinker International by 512.1% in the third quarter. Federated Investors Inc. PA now owns 115,001 shares of the restaurant operator’s stock valued at $5,374,000 after acquiring an additional 96,213 shares during the period. Finally, First Hawaiian Bank boosted its holdings in shares of Brinker International by 164.2% in the fourth quarter. First Hawaiian Bank now owns 1,770 shares of the restaurant operator’s stock valued at $78,000 after acquiring an additional 1,100 shares during the period.
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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