Brinker International, Inc. (NYSE:EAT) Expected to Post Earnings of $0.41 Per Share

Wall Street brokerages expect Brinker International, Inc. (NYSE:EAT) to report $0.41 earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for Brinker International’s earnings, with estimates ranging from $0.39 to $0.49. Brinker International reported earnings per share of $0.47 during the same quarter last year, which would indicate a negative year over year growth rate of 12.8%. The company is scheduled to report its next quarterly earnings report before the market opens on Wednesday, October 30th.

According to Zacks, analysts expect that Brinker International will report full year earnings of $4.17 per share for the current financial year, with EPS estimates ranging from $3.95 to $4.30. For the next year, analysts anticipate that the business will report earnings of $4.43 per share, with EPS estimates ranging from $4.05 to $4.68. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Brinker International.

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Brinker International (NYSE:EAT) last posted its quarterly earnings results on Tuesday, August 13th. The restaurant operator reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The firm had revenue of $834.10 million for the quarter, compared to analyst estimates of $834.69 million. Brinker International had a negative return on equity of 18.81% and a net margin of 4.81%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.19 EPS.

EAT has been the topic of several recent analyst reports. ValuEngine raised Brinker International from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Raymond James reaffirmed an “outperform” rating and set a $47.00 price target (down previously from $50.00) on shares of Brinker International in a research report on Wednesday, August 14th. They noted that the move was a valuation call. Gordon Haskett raised Brinker International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $41.00 to $45.00 in a research report on Tuesday, September 3rd. BMO Capital Markets set a $36.00 price target on Brinker International and gave the stock a “sell” rating in a research report on Friday, August 16th. Finally, Zacks Investment Research lowered Brinker International from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $44.11.

Shares of NYSE:EAT traded up $1.76 during trading on Tuesday, hitting $44.55. 1,762,637 shares of the company were exchanged, compared to its average volume of 737,388. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 1.73 and a beta of 0.27. Brinker International has a fifty-two week low of $36.44 and a fifty-two week high of $53.61. The firm has a fifty day moving average price of $41.73 and a two-hundred day moving average price of $40.52.

In related news, SVP Wade Allen sold 725 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.74, for a total value of $28,811.50. Following the completion of the sale, the senior vice president now directly owns 6,481 shares in the company, valued at approximately $257,554.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly C. Baltes purchased 850 shares of Brinker International stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average price of $38.00 per share, with a total value of $32,300.00. Following the completion of the purchase, the executive vice president now directly owns 13,984 shares in the company, valued at $531,392. The disclosure for this purchase can be found here. Insiders have sold a total of 13,112 shares of company stock valued at $523,720 over the last quarter. 3.51% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. bought a new stake in Brinker International in the 3rd quarter valued at $159,000. Quantamental Technologies LLC bought a new stake in Brinker International in the 2nd quarter valued at $173,000. Janney Montgomery Scott LLC bought a new stake in Brinker International in the 2nd quarter valued at $219,000. Nomura Holdings Inc. bought a new stake in Brinker International in the 2nd quarter valued at $234,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Brinker International in the 2nd quarter valued at $252,000.

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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