Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) announced its quarterly earnings data on Tuesday. The restaurant operator reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.05), Briefing.com reports. Bloomin’ Brands had a return on equity of 73.67% and a net margin of 5.30%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $0.98 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. 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 Down 1.0 %
Shares of BLMN stock traded down $0.24 during trading on Wednesday, reaching $23.72. The company’s stock had a trading volume of 190,632 shares, compared to its average volume of 1,313,607. Bloomin’ Brands has a 1-year low of $22.03 and a 1-year high of $30.13. The stock’s 50-day moving average price is $27.54 and its 200 day moving average price is $26.19. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.34 and a quick ratio of 0.27. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 9.85 and a beta of 2.02.
Bloomin’ Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.05%. Bloomin’ Brands’s payout ratio is currently 37.94%.
Wall Street Analysts Forecast Growth
View Our Latest Report on BLMN
About Bloomin’ Brands
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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