Bloomin’ Brands (BLMN) to Release Quarterly Earnings on Wednesday

Bloomin’ Brands (NASDAQ:BLMN) will likely be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $1.08 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Bloomin’ Brands Stock Performance

Shares of BLMN stock opened at $11.66 on Tuesday. The stock has a market cap of $989.27 million, a PE ratio of -105.99 and a beta of 1.97. Bloomin’ Brands has a 52-week low of $10.85 and a 52-week high of $30.13. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The business has a 50-day simple moving average of $12.00 and a 200-day simple moving average of $14.36.

Wall Street Analyst Weigh In

Several research firms have commented on BLMN. Barclays reiterated an “equal weight” rating and set a $13.00 price objective (down from $19.00) on shares of Bloomin’ Brands in a research note on Tuesday, January 7th. Piper Sandler cut their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. JPMorgan Chase & Co. dropped their price target on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. UBS Group dropped their price target on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group assumed coverage on Bloomin’ Brands in a research report on Thursday, December 5th. They issued a “sell” rating and a $13.00 price target for the company. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Hold” and a consensus price target of $16.30.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.