Analysts Expect Brinker International, Inc. (NYSE:EAT) Will Post Earnings of $0.96 Per Share

Wall Street brokerages predict that Brinker International, Inc. (NYSE:EAT) will post earnings per share of $0.96 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Brinker International’s earnings. The highest EPS estimate is $1.17 and the lowest is $0.90. Brinker International reported earnings of $0.89 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 4th.

On average, analysts expect that Brinker International will report full year earnings of $4.23 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.36. For the next financial year, analysts forecast that the company will report earnings of $4.51 per share, with EPS estimates ranging from $4.15 to $4.77. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Brinker International.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. The company had revenue of $786.00 million during the quarter, compared to the consensus estimate of $802.16 million. Brinker International had a negative return on equity of 19.76% and a net margin of 4.41%. Brinker International’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS.

A number of equities analysts recently commented on EAT shares. ValuEngine upgraded Brinker International from a “sell” rating to a “hold” rating in a research note on Monday. Citigroup decreased their price target on Brinker International from $52.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Wells Fargo & Co decreased their price target on Brinker International from $41.00 to $40.00 and set a “market perform” rating for the company in a research note on Monday, August 19th. Stephens lifted their price target on Brinker International from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets set a $36.00 price target on Brinker International and gave the stock a “sell” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $46.72.

NYSE:EAT traded down $0.53 during mid-day trading on Thursday, reaching $43.97. The stock had a trading volume of 796,879 shares, compared to its average volume of 1,050,342. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.65 and a beta of 0.26. Brinker International has a 1-year low of $36.44 and a 1-year high of $53.61. The stock’s 50 day simple moving average is $42.90 and its two-hundred day simple moving average is $40.75.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Friday, December 6th will be issued a $0.38 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.52 dividend on an annualized basis and a yield of 3.46%. Brinker International’s dividend payout ratio is currently 38.68%.

In other Brinker International news, EVP Kelly C. Baltes bought 850 shares of the business’s stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $38.00 per share, with a total value of $32,300.00. Following the completion of the acquisition, the executive vice president now directly owns 13,984 shares of the company’s stock, valued at approximately $531,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michaela M. Ware sold 968 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $39.41, for a total transaction of $38,148.88. Following the completion of the transaction, the vice president now directly owns 9,973 shares in the company, valued at approximately $393,035.93. The disclosure for this sale can be found here. Insiders sold 13,112 shares of company stock worth $523,720 in the last three months. 3.51% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EAT. Cetera Advisors LLC bought a new stake in shares of Brinker International during the second quarter worth $352,000. Alpha Windward LLC increased its holdings in shares of Brinker International by 8.0% in the second quarter. Alpha Windward LLC now owns 11,280 shares of the restaurant operator’s stock valued at $459,000 after purchasing an additional 840 shares during the period. Tygh Capital Management Inc. acquired a new position in shares of Brinker International in the third quarter valued at about $9,888,000. Convergence Investment Partners LLC increased its holdings in shares of Brinker International by 71.9% in the third quarter. Convergence Investment Partners LLC now owns 38,460 shares of the restaurant operator’s stock valued at $1,641,000 after purchasing an additional 16,092 shares during the period. Finally, UBS Group AG increased its holdings in shares of Brinker International by 91.2% in the second quarter. UBS Group AG now owns 181,732 shares of the restaurant operator’s stock valued at $7,151,000 after purchasing an additional 86,675 shares during the period.

About Brinker International

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

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