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

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Brinker International (NYSE:EAT) updated its FY 2020 earnings guidance on Tuesday. 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.

A number of equities research analysts recently commented on the stock. Deutsche Bank assumed coverage on shares of Brinker International in a report on Friday, June 28th. They set a hold rating and a $40.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Brinker International from a neutral rating to an overweight rating and lowered their price target for the company from $44.00 to $43.00 in a report on Monday, July 15th. OTR Global lowered shares of Brinker International to a positive rating in a report on Wednesday, August 7th. ValuEngine upgraded shares of Brinker International from a sell rating to a hold rating in a report on Wednesday, May 22nd. Finally, UBS Group upgraded shares of Brinker International from a sell rating to a neutral rating and set a $39.00 price target for the company in a report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $44.93.

Shares of Brinker International stock opened at $38.64 on Wednesday. The firm’s fifty day moving average is $39.42. The stock has a market cap of $1.49 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.22 and a beta of 0.25. Brinker International has a 12-month low of $36.82 and a 12-month high of $53.61.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, August 13th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.02. The business had revenue of $834.10 million for the quarter, compared to the consensus estimate of $834.69 million. Brinker International had a net margin of 4.75% and a negative return on equity of 19.10%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.19 EPS. As a group, analysts predict that Brinker International will post 3.91 earnings per share for the current fiscal year.

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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