Equities research analysts expect Bloomin’ Brands, Inc. (NASDAQ:BLMN) to report $1.04 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Bloomin’ Brands’ earnings. The highest sales estimate is $1.05 billion and the lowest is $1.02 billion. Bloomin’ Brands reported sales of $771.26 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 34.8%. The company is scheduled to announce its next quarterly earnings results on Friday, October 22nd.
On average, analysts expect that Bloomin’ Brands will report full-year sales of $4.21 billion for the current year, with estimates ranging from $4.18 billion to $4.23 billion. For the next financial year, analysts forecast that the company will post sales of $4.49 billion, with estimates ranging from $4.40 billion to $4.64 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Bloomin’ Brands.
Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Thursday, July 29th. The restaurant operator reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.14. Bloomin’ Brands had a net margin of 3.28% and a return on equity of 251.96%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted ($0.74) EPS. The business’s revenue for the quarter was up 86.2% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in Bloomin’ Brands by 6,339.7% in the 1st quarter. SG Americas Securities LLC now owns 347,229 shares of the restaurant operator’s stock valued at $9,393,000 after acquiring an additional 341,837 shares in the last quarter. Empowered Funds LLC bought a new stake in Bloomin’ Brands in the 2nd quarter valued at approximately $1,680,000. Victory Capital Management Inc. lifted its stake in Bloomin’ Brands by 20.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,293,606 shares of the restaurant operator’s stock valued at $35,108,000 after acquiring an additional 221,410 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Bloomin’ Brands by 72.1% in the 1st quarter. New York State Common Retirement Fund now owns 134,565 shares of the restaurant operator’s stock valued at $3,640,000 after acquiring an additional 56,365 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in Bloomin’ Brands in the 1st quarter valued at approximately $347,000.
Shares of NASDAQ BLMN traded up $0.05 during mid-day trading on Monday, reaching $25.41. The company had a trading volume of 2,405,526 shares, compared to its average volume of 1,876,526. The stock has a fifty day moving average of $25.82 and a two-hundred day moving average of $27.24. The company has a debt-to-equity ratio of 5.49, a quick ratio of 0.21 and a current ratio of 0.27. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 3.55 and a beta of 2.17. Bloomin’ Brands has a 12-month low of $13.66 and a 12-month high of $32.81.
Bloomin’ Brands Company Profile
Bloomin’ Brands, Inc engages in the acquisition, operation, design and development of restaurant concepts. It operates through the following segments: U.S. and International. The U.S. segment operates in USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.
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