Dine Brands Global (NYSE:DIN) Announces Earnings Results, Beats Estimates By $0.06 EPS
Dine Brands Global (NYSE:DIN) posted its quarterly earnings results on Wednesday. The restaurant operator reported ($0.87) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $0.06, MarketWatch Earnings reports. The firm had revenue of $109.71 million for the quarter, compared to analyst estimates of $99.66 million. Dine Brands Global had a negative net margin of 8.13% and a negative return on equity of 24.91%. Dine Brands Global’s quarterly revenue was down 51.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.71 earnings per share.
Shares of NYSE:DIN traded down $2.55 during trading hours on Friday, reaching $43.92. The stock had a trading volume of 305,246 shares, compared to its average volume of 725,365. Dine Brands Global has a 1 year low of $14.16 and a 1 year high of $104.46. The firm’s 50 day moving average is $41.58 and its 200-day moving average is $53.18. The stock has a market capitalization of $721.17 million, a price-to-earnings ratio of -11.45 and a beta of 1.72.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Monday, June 29th. SunTrust Banks upped their target price 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. Deutsche Bank upped 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 note on Thursday. TheStreet downgraded shares of Dine Brands Global from a “c” rating to a “d” rating in a research note on Wednesday. Finally, Wedbush upped 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 note on Thursday. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Dine Brands Global presently has an average rating of “Buy” and a consensus target price of $78.33.
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.
Featured Article: CBOE Russell 2000® Volatility Index
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.