Brinker International (NYSE:EAT) Updates FY 2020 Earnings Guidance

Brinker International (NYSE:EAT) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.15-4.35 for the period, compared to the Thomson Reuters consensus estimate of $4.01. The company issued revenue guidance of $3.507511-3.53969 billion, compared to the consensus revenue estimate of $3.27 billion.Brinker International also updated its FY20 guidance to $4.15-4.35 EPS.

NYSE:EAT opened at $37.02 on Friday. The company has a market cap of $1.45 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.12 and a beta of 0.25. The stock’s fifty day moving average price is $39.39 and its two-hundred day moving average price is $41.59. Brinker International has a 1 year low of $36.44 and a 1 year high of $53.61.

Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, August 13th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.01. The firm had revenue of $834.10 million for the quarter, compared to the consensus estimate 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 prior year, the business posted $1.19 earnings per share. Equities analysts forecast that Brinker International will post 4.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, September 6th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 5th. This represents a $1.52 annualized dividend and a dividend yield of 4.11%. Brinker International’s dividend payout ratio is currently 38.68%.

EAT has been the topic of several recent research reports. ValuEngine upgraded Brinker International from a sell rating to a hold rating in a research report on Wednesday, May 22nd. Loop Capital dropped their target price on Brinker International to $42.00 and set a hold rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. upgraded Brinker International from a neutral rating to an overweight rating and dropped their target price for the stock from $44.00 to $43.00 in a research report on Monday, July 15th. Evercore ISI reiterated a hold rating and issued a $40.00 price objective on shares of Brinker International in a research report on Tuesday. Finally, Stephens upgraded Brinker International from an equal weight rating to an overweight rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $44.29.

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.

Further Reading: Catch-Up Contributions

Earnings History and Estimates for Brinker International (NYSE:EAT)

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