$1.36 EPS Expected for Brinker International, Inc. (NYSE:EAT) This Quarter

Equities analysts predict that Brinker International, Inc. (NYSE:EAT) will announce earnings per share of $1.36 for the current quarter, according to Zacks. Five analysts have issued estimates for Brinker International’s earnings, with the lowest EPS estimate coming in at $1.31 and the highest estimate coming in at $1.44. Brinker International reported earnings of $1.19 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The firm is expected to report its next earnings results on Tuesday, August 13th.

On average, analysts expect that Brinker International will report full-year earnings of $3.93 per share for the current fiscal year, with EPS estimates ranging from $3.88 to $4.05. For the next fiscal year, analysts expect that the firm will report earnings of $4.05 per share, with EPS estimates ranging from $3.86 to $4.23. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Brinker International.

Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.06. The firm had revenue of $839.30 million for the quarter, compared to analyst estimates of $831.16 million. Brinker International had a negative return on equity of 19.10% and a net margin of 4.75%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share.

EAT has been the topic of several recent analyst reports. Zacks Investment Research lowered Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Maxim Group reiterated a “buy” rating on shares of Brinker International in a report on Wednesday, April 24th. UBS Group initiated coverage on Brinker International in a report on Friday, April 26th. They set a “sell” rating and a $39.00 target price on the stock. ValuEngine lowered Brinker International from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Finally, Evercore ISI initiated coverage on Brinker International in a report on Tuesday. They set an “in-line” rating and a $40.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.86.

EAT stock traded down $0.61 during midday trading on Friday, hitting $39.54. 800,028 shares of the company’s stock were exchanged, compared to its average volume of 818,075. The firm has a market cap of $1.51 billion, a PE ratio of 11.30, a P/E/G ratio of 1.25 and a beta of 0.24. Brinker International has a one year low of $36.82 and a one year high of $54.14.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 7th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, June 6th. Brinker International’s dividend payout ratio is 43.43%.

In other news, EVP Kelly C. Baltes purchased 800 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $42.05 per share, with a total value of $33,640.00. Following the purchase, the executive vice president now directly owns 13,134 shares of the company’s stock, valued at approximately $552,284.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.72% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EAT. Oppenheimer Asset Management Inc. acquired a new stake in shares of Brinker International in the 4th quarter valued at about $97,000. Wedge Capital Management L L P NC increased its position in shares of Brinker International by 15.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 9,715 shares of the restaurant operator’s stock valued at $427,000 after acquiring an additional 1,270 shares during the last quarter. Rhumbline Advisers increased its position in shares of Brinker International by 58.8% in the fourth quarter. Rhumbline Advisers now owns 126,042 shares of the restaurant operator’s stock valued at $5,543,000 after acquiring an additional 46,680 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Brinker International by 55.3% in the fourth quarter. LS Investment Advisors LLC now owns 3,837 shares of the restaurant operator’s stock valued at $169,000 after acquiring an additional 1,366 shares during the last quarter. Finally, Chicago Equity Partners LLC increased its position in shares of Brinker International by 40.2% in the fourth quarter. Chicago Equity Partners LLC now owns 200,945 shares of the restaurant operator’s stock valued at $8,838,000 after acquiring an additional 57,605 shares during the last quarter.

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.

Further Reading: Earnings Per Share

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

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