Brinker International (EAT) Set to Announce Quarterly Earnings on Wednesday

Brinker International (NYSE:EAT - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Brinker International has set its FY 2025 guidance at 4.350-4.750 EPS and its FY25 guidance at $4.35-4.75 EPS.Investors that wish to register for the company's conference call can do so using this link.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.04). Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business earned $1.39 EPS. Brinker International's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts expect Brinker International to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Brinker International Stock Up 1.5 %

Shares of EAT traded up $1.39 during midday trading on Wednesday, hitting $94.32. 697,739 shares of the company's stock traded hands, compared to its average volume of 1,438,837. Brinker International has a 1 year low of $31.95 and a 1 year high of $94.39. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 19.96. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 1.35 and a beta of 2.51. The firm's fifty day moving average is $76.21 and its 200-day moving average is $67.38.

Analyst Ratings Changes

Several brokerages have recently issued reports on EAT. Barclays boosted their price objective on Brinker International from $66.00 to $76.00 and gave the company an "equal weight" rating in a report on Tuesday. Citigroup lifted their price objective on shares of Brinker International from $69.00 to $83.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. Evercore ISI increased their target price on shares of Brinker International from $69.00 to $90.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 15th. BMO Capital Markets dropped their target price on Brinker International from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Thursday, August 15th. Finally, Wedbush reiterated a "neutral" rating and set a $68.00 price target on shares of Brinker International in a research report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $74.62.

About Brinker International

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.