Dine Brands Global Inc (NYSE:DIN) Expected to Post Earnings of $0.32 Per Share

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Wall Street brokerages expect that Dine Brands Global Inc (NYSE:DIN) will report earnings per share (EPS) of $0.32 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Dine Brands Global’s earnings. The lowest EPS estimate is ($0.12) and the highest is $0.78. Dine Brands Global reported earnings per share of $1.55 in the same quarter last year, which indicates a negative year over year growth rate of 79.4%. The company is expected to announce its next earnings results on Wednesday, November 4th.

According to Zacks, analysts expect that Dine Brands Global will report full-year earnings of $1.90 per share for the current financial year, with EPS estimates ranging from $0.92 to $2.25. For the next fiscal year, analysts expect that the business will post earnings of $4.72 per share, with EPS estimates ranging from $1.87 to $5.70. Zacks Investment Research’s EPS calculations 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) last announced its earnings results on Wednesday, July 29th. The restaurant operator reported ($0.87) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.93) by $0.06. Dine Brands Global had a negative net margin of 8.13% and a negative return on equity of 24.91%. The firm had revenue of $109.71 million for the quarter, compared to analyst estimates of $99.66 million. During the same quarter last year, the business earned $1.71 earnings per share. Dine Brands Global’s revenue was down 51.9% compared to the same quarter last year.

DIN has been the topic of a number of analyst reports. Deutsche Bank raised their target price on shares of Dine Brands Global from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Wedbush raised their target price on shares of Dine Brands Global from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. They noted that the move was a valuation call. TheStreet lowered shares of Dine Brands Global from a “c” rating to a “d” rating in a research report on Wednesday, July 29th. SunTrust Banks increased their price target on shares of Dine Brands Global from $88.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, MKM Partners increased their price target on shares of Dine Brands Global from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $75.00.

A number of large investors have recently bought and sold shares of the business. Two Sigma Advisers LP purchased a new position in shares of Dine Brands Global in the 2nd quarter valued at $605,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Dine Brands Global in the 2nd quarter valued at $350,000. Nuveen Asset Management LLC raised its stake in shares of Dine Brands Global by 29.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 93,113 shares of the restaurant operator’s stock valued at $3,920,000 after acquiring an additional 20,970 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Dine Brands Global by 0.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 155,469 shares of the restaurant operator’s stock valued at $6,546,000 after acquiring an additional 542 shares during the period. Finally, AQR Capital Management LLC purchased a new position in shares of Dine Brands Global in the 2nd quarter valued at $1,832,000. 82.41% of the stock is currently owned by institutional investors.

NYSE DIN traded up $2.14 during mid-day trading on Monday, reaching $57.60. 442,066 shares of the stock were exchanged, compared to its average volume of 807,424. Dine Brands Global has a 1-year low of $14.16 and a 1-year high of $104.46. The business’s fifty day simple moving average is $57.71 and its 200 day simple moving average is $44.00. The stock has a market capitalization of $945.73 million, a PE ratio of -15.24 and a beta of 1.85.

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 in five segments: Applebee's Franchise Operations, 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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