Brokerages expect Dine Brands Global, Inc. (NYSE:DIN – Get Rating) to announce sales of $230.32 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Dine Brands Global’s earnings. The highest sales estimate is $236.70 million and the lowest is $224.18 million. Dine Brands Global reported sales of $204.20 million during the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The business is expected to issue its next quarterly earnings results before the market opens on Monday, January 1st.
On average, analysts expect that Dine Brands Global will report full year sales of $936.07 million for the current year, with estimates ranging from $924.16 million to $949.70 million. For the next year, analysts anticipate that the firm will report sales of $968.85 million, with estimates ranging from $949.47 million to $983.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Dine Brands Global.
Dine Brands Global (NYSE:DIN – Get Rating) last released its quarterly earnings data on Wednesday, March 2nd. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.04. The business had revenue of $229.60 million during the quarter, compared to analysts’ expectations of $236.67 million. Dine Brands Global had a net margin of 10.92% and a negative return on equity of 40.90%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS.
In other news, Director Larry Alan Kay sold 1,950 shares of Dine Brands Global stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $72.47, for a total value of $141,316.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.72% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Maryland State Retirement & Pension System grew its position in Dine Brands Global by 2.2% during the first quarter. Maryland State Retirement & Pension System now owns 6,964 shares of the restaurant operator’s stock worth $543,000 after buying an additional 153 shares during the period. Nordea Investment Management AB grew its holdings in shares of Dine Brands Global by 2.4% in the 1st quarter. Nordea Investment Management AB now owns 115,668 shares of the restaurant operator’s stock worth $9,048,000 after acquiring an additional 2,700 shares during the period. American Trust purchased a new position in Dine Brands Global in the 4th quarter valued at approximately $202,000. Norges Bank acquired a new position in Dine Brands Global during the fourth quarter worth $11,548,000. Finally, Barclays PLC boosted its position in Dine Brands Global by 8.1% during the fourth quarter. Barclays PLC now owns 23,586 shares of the restaurant operator’s stock worth $1,788,000 after purchasing an additional 1,760 shares in the last quarter. 86.47% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:DIN opened at $73.75 on Friday. Dine Brands Global has a 1 year low of $61.38 and a 1 year high of $100.70. The stock has a market cap of $1.24 billion, a P/E ratio of 13.01 and a beta of 1.96. The stock has a 50-day simple moving average of $75.71 and a 200-day simple moving average of $77.58.
The business also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Monday, March 21st were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, March 18th. This is a boost from Dine Brands Global’s previous quarterly dividend of $0.40. Dine Brands Global’s dividend payout ratio is 32.45%.
About Dine Brands Global (Get Rating)
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 five segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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