Brinker Q2 Profit Up +4%, In-Line With Wall Street Estimates (EAT)

Restaurant owner and operator Brinker International, Inc. (EAT) said on Tuesday that it saw an increase in second quarter profit and revenue with earnings in-line with Wall Street views while revenue missed.

The Dallas, Texas-based company posted second quarter net income of $37.2 million, or 50 cents per share, up +4% from $35.7 million, or 44 cents per share, earned in the same period in the same period a year earlier. Adjusted earnings for the quarter was $37.3 million, or 50 cents per share. According to analysts polled by Thomson Reuters, the company as expected to earn 50 cents per share for the quarter.

Brinker revenue came in at $689.76 million, slightly higher than the $681.9 million in revenue a year ago. Analysts were expecting revenue to be $692.95 million.

Brinker shares were flat during pre-market trading on Tuesday. The stock is up +20.95% over the past year.

The Bottom Line
Shares of Brinker International (EAT) have a 2.40% dividend yield, based on Friday’s closing stock price of $33.37. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the all-time high level of $36 per share.

Brinker International, Inc. (EAT) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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