Carrols Restaurant Group, Inc. (TAST) Expected to Post Earnings of -$0.13 Per Share

Wall Street brokerages expect Carrols Restaurant Group, Inc. (NASDAQ:TAST) to announce earnings per share of ($0.13) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Carrols Restaurant Group’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.17). Carrols Restaurant Group posted earnings per share of ($0.08) during the same quarter last year, which would suggest a negative year over year growth rate of 62.5%. The firm is scheduled to report its next earnings results on Tuesday, May 14th.

On average, analysts expect that Carrols Restaurant Group will report full year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.18 to $0.36. For the next year, analysts expect that the business will post earnings of $0.79 per share, with EPS estimates ranging from $0.69 to $0.89. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Carrols Restaurant Group.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Wednesday, February 27th. The restaurant operator reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. Carrols Restaurant Group had a return on equity of 7.64% and a net margin of 0.86%. The firm had revenue of $307.75 million for the quarter, compared to analysts’ expectations of $346.38 million. During the same period in the prior year, the firm posted $0.08 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis.

A number of research firms recently commented on TAST. Zacks Investment Research cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. BidaskClub upgraded Carrols Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Finally, ValuEngine cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Carrols Restaurant Group currently has a consensus rating of “Hold” and a consensus target price of $15.88.

Large investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC acquired a new position in Carrols Restaurant Group during the fourth quarter worth $31,000. Macquarie Group Ltd. lifted its stake in Carrols Restaurant Group by 43.7% during the fourth quarter. Macquarie Group Ltd. now owns 5,264 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 1,600 shares in the last quarter. Legal & General Group Plc lifted its stake in Carrols Restaurant Group by 31.7% during the fourth quarter. Legal & General Group Plc now owns 6,502 shares of the restaurant operator’s stock worth $64,000 after purchasing an additional 1,564 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Carrols Restaurant Group by 331.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,779 shares of the restaurant operator’s stock worth $96,000 after purchasing an additional 7,512 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Carrols Restaurant Group during the third quarter worth $167,000. Institutional investors own 90.18% of the company’s stock.

TAST traded down $0.04 during trading hours on Monday, reaching $9.87. The company’s stock had a trading volume of 98,389 shares, compared to its average volume of 258,383. Carrols Restaurant Group has a fifty-two week low of $8.42 and a fifty-two week high of $16.40. The stock has a market capitalization of $366.67 million, a PE ratio of 32.90, a P/E/G ratio of 1.82 and a beta of 0.29. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.30 and a current ratio of 0.42.

About Carrols Restaurant Group

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.

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