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

Brokerages predict that Dine Brands Global Inc (NYSE:DIN) will report earnings per share (EPS) of $1.88 for the current quarter, according to Zacks. Two analysts have issued estimates for Dine Brands Global’s earnings. The lowest EPS estimate is $1.85 and the highest is $1.90. Dine Brands Global posted earnings per share of $1.03 in the same quarter last year, which suggests a positive year-over-year growth rate of 82.5%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 7th.

According to Zacks, 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 year, analysts expect that the company will post earnings of $7.91 per share, with EPS estimates ranging from $7.86 to $7.96. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Dine Brands Global.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.04. The firm had revenue of $237.18 million for the quarter, compared to the consensus estimate of $248.96 million. Dine Brands Global had a net margin of 11.30% and a negative return on equity of 53.27%. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share.

A number of brokerages have recently commented on DIN. Wedbush reiterated an “outperform” rating and issued a $135.00 target price on shares of Dine Brands Global in a 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 target price for the company in a report on Thursday, February 28th. Finally, Maxim Group reiterated a “buy” rating on shares of Dine Brands Global in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $116.00.

In other news, Director Larry Alan Kay sold 700 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $99.00, for a total transaction of $69,300.00. Following the completion of the transaction, the director now directly owns 6,684 shares in the company, valued at $661,716. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Bryan R. Adel sold 6,990 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $99.50, for a total value of $695,505.00. Following the completion of the sale, the senior vice president now owns 23,397 shares in the company, valued at $2,328,001.50. The disclosure for this sale can be found here. Insiders have sold a total of 21,896 shares of company stock valued at $2,145,906 over the last three months. 2.71% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Dine Brands Global by 0.9% during the 4th quarter. BlackRock Inc. now owns 2,490,106 shares of the restaurant operator’s stock valued at $167,686,000 after acquiring an additional 21,391 shares during the period. Vanguard Group Inc. raised its position in shares of 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 last quarter. Wells Fargo & Company MN raised its position in shares of Dine Brands Global by 7.2% during the 1st quarter. Wells Fargo & Company MN now owns 1,142,900 shares of the restaurant operator’s stock worth $104,336,000 after purchasing an additional 77,147 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Dine Brands Global by 27.3% during the 1st quarter. Victory Capital Management Inc. now owns 835,712 shares of the restaurant operator’s stock worth $76,292,000 after purchasing an additional 179,234 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Dine Brands Global by 6.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 490,425 shares of the restaurant operator’s stock worth $39,876,000 after purchasing an additional 29,617 shares during the last quarter.

Shares of Dine Brands Global stock traded up $0.16 during trading on Wednesday, hitting $88.53. 12,489 shares of the company’s stock traded hands, compared to its average volume of 421,292. Dine Brands Global has a 1 year low of $61.89 and a 1 year high of $101.18. The stock has a market capitalization of $1.54 billion, a PE ratio of 16.52 and a beta of 0.48.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 20th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, June 19th. Dine Brands Global’s dividend payout ratio is currently 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 in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

Further Reading: How to Profit and Limit Losses With Stop Orders

Get a free copy of the Zacks research report on Dine Brands Global (DIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Dine Brands Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dine Brands Global and related companies with MarketBeat.com's FREE daily email newsletter.