Brokerages Expect Brinker International, Inc. (NYSE:EAT) to Post $0.96 EPS

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Brokerages predict that Brinker International, Inc. (NYSE:EAT) will report earnings of $0.96 per share for the current quarter, according to Zacks Investment Research. Six analysts have made 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 during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The business is scheduled to issue its next earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Brinker International will report full-year earnings of $4.25 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.36. For the next year, analysts expect that the firm will post earnings of $4.53 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 sell-side analysts that follow Brinker International.

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

Several equities analysts have weighed in on the company. Loop Capital lifted their price objective on Brinker International to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Wells Fargo & Co dropped their price objective on Brinker International from $41.00 to $40.00 and set a “market perform” rating for the company in a report on Monday, August 19th. Citigroup dropped their price objective on Brinker International from $52.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Telsey Advisory Group lifted their price objective on Brinker International from $47.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Barclays dropped their price objective on Brinker International from $46.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. Brinker International has an average rating of “Hold” and a consensus price target of $46.72.

NYSE EAT traded up $0.64 during midday trading on Friday, hitting $43.31. The company had a trading volume of 473,796 shares, compared to its average volume of 1,020,983. The company has a market capitalization of $1.62 billion, a PE ratio of 11.02, a P/E/G ratio of 1.62 and a beta of 0.25. The firm has a 50-day moving average price of $44.22 and a 200-day moving average price of $40.93. Brinker International has a twelve month low of $36.44 and a twelve month high of $51.72.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.51%. Brinker International’s dividend payout ratio (DPR) is currently 38.68%.

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of Brinker International by 117.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,248 shares of the restaurant operator’s stock worth $53,000 after buying an additional 674 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Brinker International by 48,525.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,945 shares of the restaurant operator’s stock worth $83,000 after buying an additional 1,941 shares in the last quarter. North Star Investment Management Corp. acquired a new position in shares of Brinker International during the 3rd quarter worth $159,000. Quantamental Technologies LLC acquired a new position in shares of Brinker International during the 2nd quarter worth $173,000. Finally, Janney Montgomery Scott LLC bought a new stake in Brinker International during the 2nd quarter worth $219,000.

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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