After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Bloomin’ Brands, Inc. to Host Fiscal 2023 Fourth Quarter Earnings Conference Call at 8:00 AM EST on February 23, 2024.
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Stocks Info
Bloomin Brands Inc is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Restaurants industry. The current market capitalization of Bloomin Brands Inc is $2.31B. A total of 1.65 million shares were traded on the day, compared to an average of 1.17M shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BLMN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 35 BUYs and 9 SELLs from insiders. Insiders purchased 211,346 shares during that period but sold 35,433.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Bloomin Brands Inc pays an annual dividend of $0.96, resulting in a dividend yield of 3.61%, and it has a price to earnings (P/E) ratio of 9.87. BLMN’s most recent ex-dividend date was 11/13/2023 when it declared a $0.24 quarterly dividend that was paid in cash on 11/29/2023. Previously, the company paid the dividend on 8/25/2023 with an ex-dividend date of 8/11/2023. The BLMN stock dividend was $0.24 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BLMN in the last 3 months, the mean price target is $28.58 with high estimates of $34.00 and low estimates of $25.00. In terms of 52-week highs and lows, BLMN has a high of $28.75 and a low of $22.03.
As of this writing, BLMN has an earnings estimate of $0.69 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.72 per share and a lower estimate of $0.64. The company reported an EPS of $0.74 in the last quarter, which was 15.60% higher than expectations of $0.64.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BLMN’s latest balance sheet shows that the firm has $87.58M in Cash & Short Term Investments as of fiscal 2021. There were $1.97B in debt and $984.62M in liabilities at the time. Its Book Value Per Share was $4.51, while its Total Shareholder’s Equity was $222.85M.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BLMN is Buy with a score of 3.42.
