Brokerages expect that Brinker International, Inc. (NYSE:EAT) will report earnings of $0.40 per share for the current quarter, according to Zacks. Six analysts have provided estimates for Brinker International’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.46. Brinker International reported earnings per share of $0.47 during the same quarter last year, which would suggest a negative year over year growth rate of 14.9%. The firm is scheduled to announce its next earnings results on Tuesday, October 29th.
According to Zacks, analysts expect that Brinker International will report full-year earnings of $4.12 per share for the current fiscal year, with EPS estimates ranging from $3.95 to $4.25. For the next year, analysts expect that the business will post earnings of $4.39 per share, with EPS estimates ranging from $4.05 to $4.73. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Brinker International.
Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, August 13th. The restaurant operator reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. Brinker International had a negative return on equity of 18.81% and a net margin of 4.81%. The firm had revenue of $834.10 million for the quarter, compared to analysts’ expectations of $834.69 million. During the same quarter in the prior year, the firm earned $1.19 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year.
A number of brokerages recently issued reports on EAT. OTR Global cut Brinker International to a “positive” rating in a report on Wednesday, August 7th. Wells Fargo & Co lowered their target price on Brinker International from $41.00 to $40.00 and set a “market perform” rating for the company in a report on Monday. ValuEngine upgraded Brinker International from a “sell” rating to a “hold” rating in a report on Wednesday, May 22nd. Zacks Investment Research lowered Brinker International from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Maxim Group reiterated a “buy” rating and set a $58.00 price objective on shares of Brinker International in a report on Friday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. Brinker International currently has a consensus rating of “Hold” and an average price target of $43.81.
Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in Brinker International in the 4th quarter valued at about $28,030,000. Geode Capital Management LLC grew its stake in shares of Brinker International by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 466,930 shares of the restaurant operator’s stock valued at $20,535,000 after buying an additional 7,495 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Brinker International by 14.4% in the first quarter. Virtu Financial LLC now owns 6,141 shares of the restaurant operator’s stock valued at $273,000 after buying an additional 771 shares in the last quarter. Alpha Windward LLC grew its stake in shares of Brinker International by 6.1% in the first quarter. Alpha Windward LLC now owns 10,440 shares of the restaurant operator’s stock valued at $463,000 after buying an additional 600 shares in the last quarter. Finally, Virginia Retirement Systems ET AL grew its stake in shares of Brinker International by 157.9% in the first quarter. Virginia Retirement Systems ET AL now owns 49,000 shares of the restaurant operator’s stock valued at $2,175,000 after buying an additional 30,000 shares in the last quarter.
EAT traded down $1.19 during trading on Thursday, reaching $38.50. 40,190 shares of the company were exchanged, compared to its average volume of 1,296,814. The company’s 50-day moving average is $39.35 and its two-hundred day moving average is $41.54. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 1.28 and a beta of 0.25. Brinker International has a 12-month low of $36.44 and a 12-month high of $53.61.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.52 annualized dividend and a dividend yield of 3.95%. Brinker International’s dividend payout ratio is presently 38.68%.
Brinker International Company Profile
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.
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