Denny’s (DENN) Scheduled to Post Quarterly Earnings on Tuesday

Denny’s (NASDAQ:DENN) will issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Denny’s (NASDAQ:DENN) last posted its earnings results on Tuesday, February 13th. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). Denny’s had a net margin of 4.30% and a negative return on equity of 70.78%. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $115.67 million. During the same quarter last year, the business earned $0.18 earnings per share. Denny’s’s revenue was down 4.5% on a year-over-year basis. On average, analysts expect Denny’s to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Denny’s Trading Down 2.2 %

NASDAQ:DENN opened at $8.07 on Friday. Denny’s has a 12 month low of $8.00 and a 12 month high of $12.53. The stock has a 50 day moving average of $8.81 and a two-hundred day moving average of $9.51. The firm has a market cap of $428.52 million, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 1.43 and a beta of 1.93.

Insider Activity

In related news, Director John C. Miller sold 35,359 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $9.25, for a total value of $327,070.75. Following the transaction, the director now directly owns 740,626 shares in the company, valued at $6,850,790.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DENN. StockNews.com upgraded Denny’s from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Wedbush cut their price objective on Denny’s from $10.50 to $9.50 and set a “neutral” rating for the company in a research note on Friday. Truist Financial cut their price objective on Denny’s from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Finally, Oppenheimer dropped their price target on Denny’s from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.75.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.