Bloomin' Brands (BLMN) Set to Announce Earnings on Friday

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.07). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Bloomin' Brands had a return on equity of 61.90% and a net margin of 0.70%. The company's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. On average, analysts expect Bloomin' Brands to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Bloomin' Brands Stock Performance

Shares of NASDAQ BLMN traded down $0.34 during mid-day trading on Friday, hitting $16.25. The company had a trading volume of 1,627,581 shares, compared to its average volume of 1,447,982. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 63.81 and a beta of 2.04. Bloomin' Brands has a 12 month low of $15.14 and a 12 month high of $30.13. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.35 and a quick ratio of 0.26. The firm's 50 day simple moving average is $16.61 and its two-hundred day simple moving average is $19.34.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays cut their price target on Bloomin' Brands from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, October 22nd. UBS Group cut their price target on Bloomin' Brands from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on Bloomin' Brands from $26.00 to $19.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Finally, Bank of America cut their target price on Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $21.80.

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.