Brinker International, Inc. (EAT) Releases FY18 Earnings Guidance

Brinker International, Inc. (NYSE:EAT) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.25-3.35 for the period, compared to the Thomson Reuters consensus estimate of $3.24. The company issued revenue guidance of +0.5-1.5% to ~$3.273-3.30 billion, compared to the consensus revenue estimate of $3.17 billion.

Brinker International, Inc. (EAT) opened at 34.27 on Thursday. The company’s 50 day moving average price is $36.55 and its 200 day moving average price is $41.17. Brinker International, Inc. has a 12 month low of $34.18 and a 12 month high of $55.84. The firm has a market capitalization of $1.68 billion, a P/E ratio of 11.19 and a beta of 0.25.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. Brinker International had a net margin of 5.05% and a negative return on equity of 39.89%. The firm had revenue of $810.66 million during the quarter, compared to analyst estimates of $809.94 million. During the same quarter last year, the business posted $1.24 EPS. The company’s revenue was down 8.1% on a year-over-year basis. Analysts anticipate that Brinker International, Inc. will post $3.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be paid a $0.38 dividend. This is a positive change from Brinker International’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 4.44%. Brinker International’s dividend payout ratio (DPR) is currently 44.16%.

EAT has been the subject of a number of research analyst reports. Raymond James Financial, Inc. reiterated a market perform rating on shares of Brinker International in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. reiterated an outperform rating on shares of Brinker International in a research report on Friday, April 21st. CIBC restated an outperform rating on shares of Brinker International in a report on Friday, April 21st. BMO Capital Markets restated a sell rating on shares of Brinker International in a report on Wednesday, April 26th. Finally, Zacks Investment Research downgraded shares of Brinker International from a hold rating to a sell rating in a report on Tuesday, April 18th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $46.54.

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Brinker International Company Profile

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

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