Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) posted its quarterly earnings results on Tuesday. The restaurant operator reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05), Briefing.com reports. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Bloomin’ Brands had a return on equity of 73.67% and a net margin of 5.30%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. Bloomin’ Brands updated its Q2 guidance to $0.55-$0.60 EPS and its FY24 guidance to $2.51-$2.66 EPS.
Bloomin’ Brands Stock Performance
BLMN opened at $22.99 on Friday. The firm’s fifty day simple moving average is $27.38 and its two-hundred day simple moving average is $26.15. Bloomin’ Brands has a 52-week low of $22.03 and a 52-week high of $30.13. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 9.85 and a beta of 2.02. The company has a quick ratio of 0.27, a current ratio of 0.34 and a debt-to-equity ratio of 1.89.
Bloomin’ Brands Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.18%. The ex-dividend date is Friday, May 17th. Bloomin’ Brands’s payout ratio is presently 37.94%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on Bloomin’ Brands
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.
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