$0.88 EPS Expected for DineEquity, Inc (DIN) This Quarter
Equities analysts expect DineEquity, Inc (NYSE:DIN) to announce $0.88 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for DineEquity’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.92. DineEquity posted earnings per share of $1.46 in the same quarter last year, which suggests a negative year-over-year growth rate of 39.7%. The firm is expected to issue its next earnings results before the market opens on Thursday, November 9th.
On average, analysts expect that DineEquity will report full year earnings of $4.32 per share for the current financial year, with EPS estimates ranging from $4.27 to $4.37. For the next year, analysts expect that the firm will report earnings of $4.45 per share, with EPS estimates ranging from $4.21 to $4.69. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow DineEquity.
DineEquity (NYSE:DIN) last issued its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The company had revenue of $155.20 million for the quarter, compared to analysts’ expectations of $155.33 million. During the same quarter in the previous year, the firm posted $1.59 earnings per share. DineEquity’s revenue for the quarter was down 3.2% on a year-over-year basis.
DIN has been the topic of several research reports. Zacks Investment Research upgraded shares of DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Monday, July 24th. ValuEngine cut shares of DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Maxim Group decreased their target price on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, August 8th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. Finally, BidaskClub upgraded shares of DineEquity from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $56.47.
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Shares of DineEquity (NYSE:DIN) traded up 1.66% during mid-day trading on Thursday, hitting $45.83. 408,717 shares of the company traded hands. DineEquity has a 1-year low of $36.71 and a 1-year high of $88.00. The firm’s 50 day moving average price is $42.11 and its 200-day moving average price is $45.22. The stock has a market capitalization of $824.85 million, a PE ratio of 10.21 and a beta of 0.40.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date of this dividend is Friday, December 15th. DineEquity’s payout ratio is presently 86.61%.
In other DineEquity news, Director Msd Capital L. P bought 39,689 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average price of $39.23 per share, for a total transaction of $1,556,999.47. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.15% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its holdings in DineEquity by 59.4% in the 2nd quarter. FMR LLC now owns 2,697,013 shares of the restaurant operator’s stock worth $118,803,000 after acquiring an additional 1,005,504 shares during the last quarter. BlackRock Inc. grew its holdings in DineEquity by 66,627.1% in the 1st quarter. BlackRock Inc. now owns 2,055,863 shares of the restaurant operator’s stock worth $111,881,000 after acquiring an additional 2,052,782 shares during the last quarter. Vanguard Group Inc. grew its holdings in DineEquity by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,578,848 shares of the restaurant operator’s stock worth $69,548,000 after acquiring an additional 56,955 shares during the last quarter. Wells Fargo & Company MN grew its holdings in DineEquity by 17.3% in the 2nd quarter. Wells Fargo & Company MN now owns 886,539 shares of the restaurant operator’s stock worth $39,051,000 after acquiring an additional 130,946 shares during the last quarter. Finally, EdgePoint Investment Group Inc. grew its holdings in DineEquity by 41.7% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 599,055 shares of the restaurant operator’s stock worth $26,388,000 after acquiring an additional 176,412 shares during the last quarter. 92.00% of the stock is currently owned by institutional investors and hedge funds.
DineEquity Company Profile
DineEquity, Inc, through its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar (Applebee’s) concept in the bar and grill segment within the casual dining category of the restaurant industry, and owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry.
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