Dine Brands Global, Inc. (NYSE:DIN) Expected to Post Earnings of $1.44 Per Share

Equities research analysts expect that Dine Brands Global, Inc. (NYSE:DINGet Rating) will report $1.44 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Dine Brands Global’s earnings, with estimates ranging from $1.33 to $1.54. Dine Brands Global reported earnings of $1.75 per share in the same quarter last year, which indicates a negative year over year growth rate of 17.7%. The business is expected to report its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Dine Brands Global will report full year earnings of $6.03 per share for the current financial year, with EPS estimates ranging from $5.81 to $6.40. For the next year, analysts forecast that the business will report earnings of $6.95 per share, with EPS estimates ranging from $6.33 to $7.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Dine Brands Global.

Dine Brands Global (NYSE:DINGet Rating) last issued its earnings results on Wednesday, March 2nd. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.04. The company had revenue of $229.60 million for 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%. Dine Brands Global’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS.

Several research firms have weighed in on DIN. StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Barclays lowered their price target on shares of Dine Brands Global from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, March 3rd. Truist Financial increased their price target on shares of Dine Brands Global from $112.00 to $114.00 and gave the company a “buy” rating in a report on Thursday, March 10th. Raymond James lowered their price target on shares of Dine Brands Global from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, March 3rd. Finally, Zacks Investment Research raised shares of Dine Brands Global from a “sell” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Tuesday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $96.11.

In related news, Director Larry Alan Kay sold 1,950 shares of the stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $72.47, for a total transaction of $141,316.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.38% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Divisadero Street Capital Management LP acquired a new stake in shares of Dine Brands Global during the 4th quarter worth approximately $34,000. Consolidated Planning Corp acquired a new stake in Dine Brands Global in the third quarter valued at approximately $58,000. O Shaughnessy Asset Management LLC acquired a new stake in Dine Brands Global in the third quarter valued at approximately $67,000. Dupont Capital Management Corp acquired a new stake in Dine Brands Global in the fourth quarter valued at approximately $173,000. Finally, First Mercantile Trust Co. boosted its position in Dine Brands Global by 21.6% in the third quarter. First Mercantile Trust Co. now owns 2,420 shares of the restaurant operator’s stock valued at $197,000 after buying an additional 430 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Shares of DIN stock opened at $73.61 on Wednesday. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 12.98 and a beta of 1.89. Dine Brands Global has a 52-week low of $61.38 and a 52-week high of $100.70. The firm’s 50-day moving average is $74.57 and its 200-day moving average is $76.71.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Monday, March 21st were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Friday, March 18th. This is a positive change from Dine Brands Global’s previous quarterly dividend of $0.40. Dine Brands Global’s dividend payout ratio is presently 32.45%.

Dine Brands Global Company Profile (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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Earnings History and Estimates for Dine Brands Global (NYSE:DIN)

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