$0.45 EPS Expected for Bloomin’ Brands, Inc. (NASDAQ:BLMN) This Quarter

Brokerages expect Bloomin’ Brands, Inc. (NASDAQ:BLMN) to announce earnings of $0.45 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Bloomin’ Brands’ earnings. The highest EPS estimate is $0.70 and the lowest is $0.18. Bloomin’ Brands reported earnings per share of ($0.74) in the same quarter last year, which would suggest a positive year over year growth rate of 160.8%. The company is scheduled to issue its next quarterly earnings results on Friday, July 23rd.

According to Zacks, analysts expect that Bloomin’ Brands will report full year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $0.88 to $2.44. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.28 per share, with EPS estimates ranging from $1.85 to $2.88. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Bloomin’ Brands.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Wednesday, April 28th. The restaurant operator reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.40. Bloomin’ Brands had a negative net margin of 3.45% and a negative return on equity of 39.30%.

BLMN has been the topic of several research reports. Morgan Stanley boosted their price target on shares of Bloomin’ Brands from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Bloomin’ Brands from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday. Credit Suisse Group upped their target price on shares of Bloomin’ Brands from $21.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, February 25th. Barclays upped their target price on shares of Bloomin’ Brands from $32.00 to $38.00 in a research report on Friday. Finally, The Goldman Sachs Group increased their price objective on shares of Bloomin’ Brands from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $26.97.

Shares of NASDAQ BLMN traded up $0.10 during mid-day trading on Thursday, reaching $30.77. 36,413 shares of the company’s stock traded hands, compared to its average volume of 2,103,194. The company has a debt-to-equity ratio of 88.59, a current ratio of 0.36 and a quick ratio of 0.29. The business has a 50-day simple moving average of $28.26 and a 200 day simple moving average of $22.06. Bloomin’ Brands has a 1-year low of $8.36 and a 1-year high of $32.81. The stock has a market cap of $2.73 billion, a P/E ratio of -22.30 and a beta of 1.97.

In other news, Director Elizabeth A. Smith sold 150,000 shares of the stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $26.13, for a total transaction of $3,919,500.00. Following the transaction, the director now owns 662,204 shares in the company, valued at approximately $17,303,390.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.39% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in shares of Bloomin’ Brands by 137.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,309,703 shares of the restaurant operator’s stock valued at $44,856,000 after buying an additional 1,337,596 shares during the period. Norges Bank acquired a new position in Bloomin’ Brands during the fourth quarter worth $20,071,000. P Schoenfeld Asset Management LP acquired a new position in Bloomin’ Brands during the fourth quarter worth $20,003,000. Jennison Associates LLC acquired a new stake in Bloomin’ Brands in the fourth quarter valued at $18,923,000. Finally, BlackRock Inc. grew its holdings in Bloomin’ Brands by 5.3% in the fourth quarter. BlackRock Inc. now owns 12,529,919 shares of the restaurant operator’s stock valued at $243,333,000 after purchasing an additional 632,506 shares during the last quarter. 95.62% of the stock is owned by 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, a 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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