Bloomin’ Brands (BLMN) Projected to Post Earnings on Wednesday

Bloomin’ Brands (NASDAQ:BLMN) is expected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $1.08 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $11.84 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -107.63 and a beta of 1.97. The firm’s 50 day simple moving average is $12.02 and its 200 day simple moving average is $14.39. Bloomin’ Brands has a 1 year low of $10.85 and a 1 year high of $30.13.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BLMN shares. Barclays reiterated an “equal weight” rating and set a $13.00 price target (down previously from $19.00) on shares of Bloomin’ Brands in a research report on Tuesday, January 7th. Piper Sandler dropped their price objective on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. UBS Group dropped their price objective on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.30.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.