$0.64 EPS Expected for DineEquity Inc (DIN) This Quarter
Wall Street brokerages expect that DineEquity Inc (NYSE:DIN) will report earnings per share of $0.64 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for DineEquity’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.61. DineEquity posted earnings per share of $1.37 in the same quarter last year, which would indicate a negative year-over-year growth rate of 53.3%. The company is scheduled to report its next earnings report on Wednesday, March 7th.
On average, analysts expect that DineEquity will report full year earnings of $4.06 per share for the current year, with EPS estimates ranging from $4.03 to $4.09. For the next financial year, analysts anticipate that the business will report earnings of $3.78 per share, with EPS estimates ranging from $3.53 to $4.02. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover DineEquity.
DineEquity (NYSE:DIN) last released its earnings results on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.01. The firm had revenue of $144.67 million during the quarter, compared to analysts’ expectations of $146.92 million. DineEquity had a positive return on equity of 64.43% and a negative net margin of 64.74%. The company’s revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS.
A number of research firms have issued reports on DIN. BidaskClub upgraded DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Maxim Group reiterated a “buy” rating and set a $55.00 target price on shares of DineEquity in a report on Monday, October 30th. ValuEngine cut DineEquity from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of DineEquity from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Finally, TheStreet downgraded shares of DineEquity from a “c” rating to a “d+” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.64.
In other news, Director Larry Alan Kay sold 778 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total transaction of $35,118.92. Following the completion of the transaction, the director now directly owns 8,513 shares in the company, valued at approximately $384,276.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.15% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System lifted its stake in DineEquity by 25.0% in the 3rd quarter. California Public Employees Retirement System now owns 55,485 shares of the restaurant operator’s stock valued at $2,385,000 after purchasing an additional 11,085 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in DineEquity by 32.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,136 shares of the restaurant operator’s stock valued at $392,000 after purchasing an additional 2,220 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in DineEquity in the 3rd quarter valued at about $189,000. Point72 Asset Management L.P. acquired a new stake in DineEquity in the 3rd quarter valued at about $331,000. Finally, U S Global Investors Inc. acquired a new stake in DineEquity in the 3rd quarter valued at about $946,000. Institutional investors own 93.15% of the company’s stock.
DineEquity (DIN) traded down $0.45 during mid-day trading on Friday, reaching $42.99. The company’s stock had a trading volume of 97,379 shares, compared to its average volume of 363,076. The company has a market cap of $773.30, a PE ratio of 8.96 and a beta of 0.52. The company has a debt-to-equity ratio of -6.40, a quick ratio of 1.39 and a current ratio of 1.39. DineEquity has a 52-week low of $36.71 and a 52-week high of $87.84.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, December 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 9.03%. DineEquity’s dividend payout ratio is -17.77%.
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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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