Brinker International (NYSE:EAT – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.80-4.00 for the period, compared to the consensus earnings per share estimate of $3.69. The company issued revenue guidance of $4.33-4.35 billion, compared to the consensus revenue estimate of $4.34 billion. Brinker International also updated its FY 2024 guidance to 3.800-4.000 EPS.
Brinker International Price Performance
Shares of EAT traded up $4.40 during midday trading on Tuesday, reaching $54.06. The stock had a trading volume of 2,322,387 shares, compared to its average volume of 1,304,362. Brinker International has a 1-year low of $28.23 and a 1-year high of $54.30. The company’s fifty day simple moving average is $47.27 and its two-hundred day simple moving average is $41.82. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.79 and a beta of 2.46.
Brinker International (NYSE:EAT – Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Brinker International had a net margin of 3.63% and a negative return on equity of 113.41%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. On average, sell-side analysts forecast that Brinker International will post 3.71 earnings per share for the current year.
Analyst Ratings Changes
Read Our Latest Research Report on EAT
Insider Activity at Brinker International
In related news, CFO Joseph G. Taylor sold 24,163 shares of the firm’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 completion of the sale, the chief financial officer now owns 56,661 shares in the company, valued at $2,548,045.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.
Brinker International Company Profile
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.
Further Reading
- Five stocks we like better than Brinker International
- Consumer Staples Stocks, Explained
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- What is Short Interest? How to Use It
- Hilton Demonstrates Asset Light is Right for Investors
- Financial Services Stocks Investing
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for Brinker International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International and related companies with MarketBeat.com's FREE daily email newsletter.