Bloomin’ Brands (NASDAQ:BLMN) is set to post its quarterly earnings results before the market opens on Tuesday, April 24th. Analysts expect Bloomin’ Brands to post earnings of $0.58 per share for the quarter. Bloomin’ Brands has set its FY18 guidance at $1.38-1.45 EPS.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Bloomin’ Brands had a return on equity of 133.73% and a net margin of 2.38%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business posted $0.31 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, analysts expect Bloomin’ Brands to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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Bloomin’ Brands stock opened at $23.65 on Tuesday. The company has a debt-to-equity ratio of 22.07, a current ratio of 0.42 and a quick ratio of 0.36. Bloomin’ Brands has a one year low of $16.11 and a one year high of $25.00. The stock has a market capitalization of $2,165.33, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.68 and a beta of 0.38.

Bloomin’ Brands announced that its board has approved a share repurchase plan on Thursday, February 22nd that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Several brokerages have recently issued reports on BLMN. ValuEngine cut Bloomin’ Brands from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 12th. BidaskClub cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Deutsche Bank upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. TheStreet upgraded Bloomin’ Brands from a “c” rating to a “b-” rating in a research note on Friday, February 23rd. Finally, Barclays raised their price objective on Bloomin’ Brands from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.78.

In related news, EVP David J. Deno sold 66,603 shares of the firm’s stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $24.72, for a total transaction of $1,646,426.16. Following the sale, the executive vice president now directly owns 65,135 shares of the company’s stock, valued at $1,610,137.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Elizabeth A. Smith sold 212,791 shares of the firm’s stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $24.78, for a total value of $5,272,960.98. Following the sale, the chief executive officer now directly owns 292,180 shares in the company, valued at $7,240,220.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,646,864 shares of company stock valued at $40,050,895. Company insiders own 7.47% of the company’s stock.

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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.

Earnings History for Bloomin` Brands (NASDAQ:BLMN)

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