Brinker International (EAT) Scheduled to Post Quarterly Earnings on Tuesday

Brinker International (NYSE:EAT - Get Free Report) will be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Brinker International has set its FY24 guidance at $3.45-$3.70 EPS and its FY 2024 guidance at 3.450-3.700 EPS.Investors that wish to listen to the company's conference call can do so using this link.

Brinker International (NYSE:EAT - Get Free Report) last posted its earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. Brinker International had a net margin of 3.63% and a negative return on equity of 113.41%. On average, analysts expect Brinker International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Brinker International Stock Up 4.0 %

Shares of NYSE:EAT traded up $1.83 during trading on Tuesday, hitting $48.04. 1,041,048 shares of the stock traded hands, compared to its average volume of 1,297,223. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 0.73 and a beta of 2.46. The company has a fifty day moving average price of $46.95 and a two-hundred day moving average price of $41.31. Brinker International has a 52-week low of $28.23 and a 52-week high of $51.72.

Insider Activity

In other Brinker International news, CFO Joseph G. Taylor sold 24,163 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $44.97, for a total value of $1,086,610.11. Following the transaction, the chief financial officer now owns 56,661 shares of the company's stock, valued at $2,548,045.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EAT. BMO Capital Markets boosted their price target on shares of Brinker International from $52.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st. JPMorgan Chase & Co. boosted their price target on shares of Brinker International from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, March 19th. Morgan Stanley boosted their price target on shares of Brinker International from $36.00 to $39.00 and gave the stock an "underweight" rating in a report on Friday, April 12th. Jefferies Financial Group lifted their target price on shares of Brinker International from $47.00 to $48.00 and gave the stock a "hold" rating in a research note on Tuesday, April 16th. Finally, StockNews.com cut shares of Brinker International from a "buy" rating to a "hold" rating in a research note on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $43.80.

About Brinker International

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.