$1.20 EPS Expected for Brinker International, Inc. (EAT) This Quarter

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Wall Street brokerages expect Brinker International, Inc. (NYSE:EAT) to report earnings per share of $1.20 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Brinker International’s earnings. The highest EPS estimate is $1.24 and the lowest is $1.16. Brinker International posted earnings of $1.09 per share in the same quarter last year, which would suggest a positive year over year growth rate of 10.1%. The business is expected to report its next earnings results on Thursday, August 9th.

On average, analysts expect that Brinker International will report full-year earnings of $3.53 per share for the current year, with EPS estimates ranging from $3.49 to $3.56. For the next financial year, analysts forecast that the company will report earnings of $3.74 per share, with EPS estimates ranging from $3.60 to $3.87. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Brinker International.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, May 1st. The restaurant operator reported $1.08 EPS for the quarter, beating the consensus estimate of $1.03 by $0.05. The firm had revenue of $812.53 million during the quarter, compared to the consensus estimate of $806.72 million. Brinker International had a net margin of 4.24% and a negative return on equity of 30.02%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share.

EAT has been the subject of several recent analyst reports. OTR Global raised shares of Brinker International to a “positive” rating in a research note on Wednesday, April 4th. Zacks Investment Research raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, April 3rd. Canaccord Genuity reaffirmed a “hold” rating and set a $43.00 price objective on shares of Brinker International in a research note on Friday, April 20th. Royal Bank of Canada raised shares of Brinker International from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $41.37 to $49.00 in a research note on Friday, April 27th. Finally, BMO Capital Markets upped their price objective on shares of Brinker International from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.27.

Shares of Brinker International opened at $51.69 on Thursday, MarketBeat Ratings reports. The stock has a market cap of $2.27 billion, a PE ratio of 16.15, a PEG ratio of 1.35 and a beta of 0.02. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of -2.24. Brinker International has a 12 month low of $29.50 and a 12 month high of $52.57.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Friday, June 8th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Thursday, June 7th. Brinker International’s payout ratio is currently 47.50%.

In related news, EVP Kelli Valade sold 4,224 shares of the stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $49.59, for a total value of $209,468.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Roy Doyle sold 3,615 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $49.86, for a total transaction of $180,243.90. The disclosure for this sale can be found here. 1.91% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in EAT. Stratos Wealth Partners LTD. raised its stake in Brinker International by 1,000.0% in the first quarter. Stratos Wealth Partners LTD. now owns 3,300 shares of the restaurant operator’s stock worth $119,000 after buying an additional 3,000 shares in the last quarter. IFP Advisors Inc grew its holdings in Brinker International by 512.3% in the first quarter. IFP Advisors Inc now owns 3,545 shares of the restaurant operator’s stock worth $128,000 after purchasing an additional 2,966 shares during the period. CIBC World Markets Inc. purchased a new stake in Brinker International in the first quarter worth about $216,000. Investors Research Corp purchased a new stake in Brinker International in the fourth quarter worth about $218,000. Finally, Element Capital Management LLC purchased a new stake in Brinker International in the first quarter worth about $218,000.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.

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

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