Brokerages Expect Dine Brands Global (DIN) Will Post Earnings of $1.07 Per Share

Analysts predict that Dine Brands Global (NYSE:DIN) will announce earnings of $1.07 per share for the current quarter, according to Zacks. Two analysts have made estimates for Dine Brands Global’s earnings. The highest EPS estimate is $1.12 and the lowest is $1.02. Dine Brands Global posted earnings per share of $1.22 in the same quarter last year, which indicates a negative year-over-year growth rate of 12.3%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, May 2nd.

According to Zacks, analysts expect that Dine Brands Global will report full year earnings of $5.09 per share for the current year, with EPS estimates ranging from $5.07 to $5.10. For the next financial year, analysts expect that the business will report earnings of $5.91 per share, with EPS estimates ranging from $4.82 to $7.00. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Dine Brands Global.

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Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.10. Dine Brands Global had a negative net margin of 54.71% and a positive return on equity of 230.88%. The business had revenue of $148.78 million during the quarter, compared to analyst estimates of $147.98 million. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s revenue was down 3.5% on a year-over-year basis.

Several analysts have issued reports on DIN shares. Zacks Investment Research upgraded shares of Dine Brands Global from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Maxim Group restated a “buy” rating and set a $87.00 price target (up from $62.00) on shares of Dine Brands Global in a research report on Tuesday, February 20th. Raymond James Financial upgraded shares of Dine Brands Global from a “market perform” rating to an “outperform” rating and upped their price target for the company from $36.71 to $85.00 in a research report on Monday, February 26th. ValuEngine lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Standpoint Research reiterated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Dine Brands Global presently has a consensus rating of “Hold” and an average target price of $68.14.

In other Dine Brands Global news, SVP Bryan R. Adel sold 983 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $78.21, for a total value of $76,880.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry Alan Kay sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $74.28, for a total transaction of $74,280.00. Following the completion of the sale, the director now owns 8,599 shares of the company’s stock, valued at $638,733.72. The disclosure for this sale can be found here. Corporate insiders own 2.75% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new position in shares of Dine Brands Global during the fourth quarter valued at approximately $436,000. Bramshill Investments LLC bought a new position in shares of Dine Brands Global during the fourth quarter valued at approximately $1,217,000. LPL Financial LLC bought a new position in shares of Dine Brands Global during the fourth quarter valued at approximately $207,000. Clearline Capital LP bought a new position in shares of Dine Brands Global during the fourth quarter valued at approximately $364,000. Finally, Teachers Advisors LLC increased its stake in shares of Dine Brands Global by 3.1% during the fourth quarter. Teachers Advisors LLC now owns 32,753 shares of the restaurant operator’s stock valued at $1,662,000 after purchasing an additional 982 shares in the last quarter. 96.78% of the stock is owned by institutional investors and hedge funds.

NYSE DIN traded down $1.18 during trading on Thursday, hitting $72.43. 117,436 shares of the company’s stock traded hands, compared to its average volume of 416,896. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of -9.35. Dine Brands Global has a 12-month low of $36.71 and a 12-month high of $79.66. The firm has a market cap of $1,294.77, a price-to-earnings ratio of 17.58 and a beta of 0.22.

The company also recently announced a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Monday, March 19th were issued a dividend of $0.63 per share. The ex-dividend date was Sunday, March 18th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.48%. Dine Brands Global’s dividend payout ratio is currently 60.72%.

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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 through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.

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