Dine Brands Global Inc (DIN) Expected to Post Earnings of $1.88 Per Share

Wall Street brokerages predict that Dine Brands Global Inc (NYSE:DIN) will post earnings per share of $1.88 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Dine Brands Global’s earnings. The highest EPS estimate is $1.90 and the lowest is $1.85. Dine Brands Global reported earnings of $1.11 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 69.4%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 1st.

On average, analysts expect that Dine Brands Global will report full year earnings of $7.17 per share for the current fiscal year, with EPS estimates ranging from $7.15 to $7.18. For the next financial year, analysts forecast that the company will report earnings of $7.96 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Dine Brands Global.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Thursday, February 21st. The restaurant operator reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.13. Dine Brands Global had a negative return on equity of 45.41% and a net margin of 10.29%. The business had revenue of $174.60 million during the quarter, compared to the consensus estimate of $197.28 million. During the same period in the previous year, the business earned $0.48 EPS. The business’s quarterly revenue was up 21.2% on a year-over-year basis.

Several equities analysts recently issued reports on DIN shares. Wedbush restated an “outperform” rating and issued a $135.00 price target on shares of Dine Brands Global in a research report on Friday, February 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Dine Brands Global from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Thursday, February 28th. Maxim Group restated a “buy” rating on shares of Dine Brands Global in a research report on Wednesday, January 9th. Finally, ValuEngine upgraded Dine Brands Global from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $115.75.

In other Dine Brands Global news, SVP Bryan R. Adel sold 6,990 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $99.50, for a total transaction of $695,505.00. Following the transaction, the senior vice president now owns 23,397 shares in the company, valued at approximately $2,328,001.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry Alan Kay sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $99.00, for a total value of $69,300.00. Following the transaction, the director now owns 6,684 shares in the company, valued at approximately $661,716. The disclosure for this sale can be found here. Insiders sold a total of 21,496 shares of company stock worth $2,110,338 in the last 90 days. 2.75% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIN. Norges Bank acquired a new position in Dine Brands Global during the 4th quarter worth approximately $13,326,000. William Blair Investment Management LLC acquired a new position in Dine Brands Global during the 3rd quarter worth approximately $11,996,000. Vanguard Group Inc increased its position in Dine Brands Global by 4.6% during the 3rd quarter. Vanguard Group Inc now owns 2,249,620 shares of the restaurant operator’s stock worth $182,917,000 after purchasing an additional 98,950 shares during the period. Vanguard Group Inc. increased its position in Dine Brands Global by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,249,620 shares of the restaurant operator’s stock worth $182,917,000 after purchasing an additional 98,950 shares during the period. Finally, Renaissance Technologies LLC increased its position in Dine Brands Global by 494.8% during the 3rd quarter. Renaissance Technologies LLC now owns 103,500 shares of the restaurant operator’s stock worth $8,416,000 after purchasing an additional 86,100 shares during the period.

Shares of Dine Brands Global stock traded up $0.77 on Friday, hitting $91.29. The stock had a trading volume of 352,375 shares, compared to its average volume of 403,247. Dine Brands Global has a 52-week low of $61.89 and a 52-week high of $101.18. The company has a market capitalization of $1.59 billion, a P/E ratio of 17.00 and a beta of 0.52.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Wednesday, March 20th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 3.02%. The ex-dividend date is Tuesday, March 19th. This is a boost from Dine Brands Global’s previous quarterly dividend of $0.63. Dine Brands Global’s payout ratio is 51.40%.

About Dine Brands Global

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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