Analysts forecast that Dine Brands Global Inc (NYSE:DIN) will announce earnings per share (EPS) of $1.88 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Dine Brands Global’s earnings, with estimates ranging from $1.85 to $1.90. Dine Brands Global posted earnings of $1.03 per share during the same quarter last year, which suggests a positive year over year growth rate of 82.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Dine Brands Global will report full year earnings of $7.17 per share for the current financial year, with EPS estimates ranging from $7.15 to $7.18. For the next financial year, analysts forecast that the firm will post earnings of $7.91 per share, with EPS estimates ranging from $7.86 to $7.96. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Dine Brands Global.
Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, May 1st. The restaurant operator reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.04. Dine Brands Global had a negative return on equity of 53.27% and a net margin of 11.30%. The firm had revenue of $237.18 million during the quarter, compared to analyst estimates of $248.96 million. During the same quarter in the prior year, the company earned $1.11 EPS. The business’s revenue was up 26.0% compared to the same quarter last year.
DIN has been the subject of several research reports. Wedbush reissued a “buy” rating and issued a $135.00 target price on shares of Dine Brands Global in a research report on Tuesday, May 14th. Zacks Investment Research raised Dine Brands Global from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Thursday, February 28th. Finally, Maxim Group reissued a “buy” rating on shares of Dine Brands Global in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $116.00.
Shares of NYSE:DIN traded up $2.05 during trading on Friday, hitting $96.79. The stock had a trading volume of 253,225 shares, compared to its average volume of 369,988. Dine Brands Global has a 12 month low of $65.63 and a 12 month high of $101.18. The firm has a market capitalization of $1.68 billion, a P/E ratio of 18.02 and a beta of 0.38.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 20th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Wednesday, June 19th. Dine Brands Global’s dividend payout ratio (DPR) is presently 51.40%.
In related news, Director Larry Alan Kay sold 400 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $89.16, for a total transaction of $35,664.00. Following the completion of the transaction, the director now owns 7,239 shares of the company’s stock, valued at approximately $645,429.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.71% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund boosted its stake in Dine Brands Global by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,859 shares of the restaurant operator’s stock valued at $626,000 after purchasing an additional 124 shares during the last quarter. Bank of Montreal Can lifted its position in Dine Brands Global by 8.1% during the first quarter. Bank of Montreal Can now owns 1,729 shares of the restaurant operator’s stock valued at $158,000 after purchasing an additional 130 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Dine Brands Global by 1.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 8,653 shares of the restaurant operator’s stock valued at $790,000 after purchasing an additional 130 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its position in Dine Brands Global by 3.4% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,198 shares of the restaurant operator’s stock valued at $283,000 after purchasing an additional 137 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Dine Brands Global by 6.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 2,796 shares of the restaurant operator’s stock valued at $255,000 after purchasing an additional 179 shares in the last quarter.
Dine Brands Global Company Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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