Dine Brands Global Inc (DIN) Expected to Post Quarterly Sales of $245.14 Million
Equities research analysts forecast that Dine Brands Global Inc (NYSE:DIN) will announce $245.14 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Dine Brands Global’s earnings, with the lowest sales estimate coming in at $244.87 million and the highest estimate coming in at $245.42 million. Dine Brands Global posted sales of $188.16 million during the same quarter last year, which would indicate a positive year over year growth rate of 30.3%. The firm is expected to report its next earnings results on Wednesday, May 1st.
On average, analysts expect that Dine Brands Global will report full year sales of $957.78 million for the current fiscal year, with estimates ranging from $955.77 million to $959.79 million. For the next fiscal year, analysts anticipate that the firm will post sales of $988.73 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Dine Brands Global.
Dine Brands Global (NYSE:DIN) last announced its earnings results on Thursday, February 21st. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.13. The business had revenue of $174.60 million for the quarter, compared to analyst estimates of $197.28 million. Dine Brands Global had a negative return on equity of 45.41% and a net margin of 10.29%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share.
In other news, SVP Bryan R. Adel sold 13,806 shares of Dine Brands Global stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $97.46, for a total value of $1,345,532.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry Alan Kay sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $99.00, for a total value of $69,300.00. Following the completion of the sale, the director now owns 6,684 shares of the company’s stock, valued at $661,716. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,496 shares of company stock valued at $2,110,338. 2.75% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. raised its holdings in shares of Dine Brands Global by 2,426.7% during the fourth quarter. Meeder Asset Management Inc. now owns 379 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 364 shares during the period. Enlightenment Research LLC acquired a new position in shares of Dine Brands Global in the 4th quarter valued at about $27,000. Lindbrook Capital LLC acquired a new position in shares of Dine Brands Global in the 4th quarter valued at about $51,000. Captrust Financial Advisors boosted its holdings in shares of Dine Brands Global by 159.8% in the 4th quarter. Captrust Financial Advisors now owns 847 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 521 shares during the period. Finally, Cutler Group LP bought a new stake in shares of Dine Brands Global during the 4th quarter valued at about $79,000.
Shares of DIN traded up $0.77 during trading on Monday, reaching $93.65. The company’s stock had a trading volume of 347,955 shares, compared to its average volume of 401,307. Dine Brands Global has a twelve month low of $61.89 and a twelve month high of $101.18. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 17.44 and a beta of 0.51.
The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 2.95%. This is an increase from Dine Brands Global’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Tuesday, March 19th. Dine Brands Global’s dividend payout ratio (DPR) is 51.40%.
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 through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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