Bloomin' Brands (BLMN) Expected to Announce Earnings on Wednesday

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) is expected to issue its Q4 2024 quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $1.08 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Bloomin' Brands Stock Up 1.0 %

Bloomin' Brands stock traded up $0.10 during midday trading on Thursday, hitting $10.00. 4,195,995 shares of the company were exchanged, compared to its average volume of 2,001,413. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. Bloomin' Brands has a fifty-two week low of $9.57 and a fifty-two week high of $30.13. The company's fifty day moving average price is $11.94 and its 200-day moving average price is $14.31. The company has a market cap of $848.01 million, a PE ratio of -90.86 and a beta of 1.97.

Bloomin' Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a yield of 6.00%. Bloomin' Brands's payout ratio is currently -40.27%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BLMN. Barclays set a $11.00 price target on Bloomin' Brands and gave the company an "equal weight" rating in a research report on Thursday. Piper Sandler dropped their target price on Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, November 11th. UBS Group dropped their price target on Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group reduced their target price on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a report on Thursday. Finally, Bank of America downgraded Bloomin' Brands from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $18.00 to $13.00 in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $15.00.

About Bloomin' Brands

Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.