Bloomin' Brands (NASDAQ:BLMN) Announces Earnings Results, Meets Estimates

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) posted its earnings results on Wednesday. The restaurant operator reported $0.38 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.38, Zacks reports. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The business had revenue of $972.02 million for the quarter, compared to analyst estimates of $1.08 billion. Bloomin' Brands updated its FY 2025 guidance to 1.200-1.400 EPS and its Q1 2025 guidance to 0.550-0.600 EPS.

Bloomin' Brands Price Performance

Shares of NASDAQ BLMN traded down $0.64 during trading on Friday, reaching $9.38. The company had a trading volume of 4,281,578 shares, compared to its average volume of 2,059,879. Bloomin' Brands has a 52 week low of $9.16 and a 52 week high of $30.13. The stock has a market cap of $795.83 million, a PE ratio of -85.26 and a beta of 1.97. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The business's 50 day moving average price is $11.85 and its 200-day moving average price is $14.22.

Bloomin' Brands Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Tuesday, March 11th. Bloomin' Brands's dividend payout ratio is presently -40.27%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com upgraded shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Wednesday. UBS Group decreased their target price on shares of Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their target price on shares of Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 12th. The Goldman Sachs Group decreased their target price on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday. Finally, Raymond James lowered shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $15.00.

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Bloomin' Brands Company Profile

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.