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

Brinker International (NYSE:EAT) is scheduled to be issuing its quarterly earnings data 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.Persons interested in registering for the company’s earnings conference call can do so using this link.

Brinker International (NYSE:EAT) last released its earnings results 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 negative return on equity of 274.62% and a net margin of 3.52%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm earned $1.39 EPS. The business’s quarterly revenue 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 1.2 %

Shares of NYSE EAT opened at $94.89 on Monday. The stock has a market capitalization of $4.22 billion, a P/E ratio of 28.16, a PEG ratio of 1.35 and a beta of 2.51. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32. Brinker International has a one year low of $32.02 and a one year high of $96.28. The firm’s 50 day simple moving average is $77.96 and its two-hundred day simple moving average is $68.36.

Analysts Set New Price Targets

A number of brokerages recently commented on EAT. Bank of America lifted their target price on shares of Brinker International from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Raymond James lowered Brinker International from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Wedbush restated a “neutral” rating and set a $68.00 price target on shares of Brinker International in a research report on Thursday, August 15th. Wells Fargo & Company increased their price objective on Brinker International from $50.00 to $85.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Finally, Evercore ISI lifted 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. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.