Brokerages expect DineEquity, Inc (NYSE:DIN) to report earnings per share (EPS) of $0.88 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for DineEquity’s earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.92. DineEquity reported earnings of $1.46 per share in the same quarter last year, which would indicate a negative year over year growth rate of 39.7%. The company is expected to issue its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that DineEquity will report full year earnings of $4.32 per share for the current fiscal year, with EPS estimates ranging from $4.27 to $4.37. For the next year, analysts forecast that the business will report earnings of $4.45 per share, with EPS estimates ranging from $4.21 to $4.69. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow DineEquity.
DineEquity (NYSE:DIN) last announced its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.10. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. The business had revenue of $155.20 million for the quarter, compared to analysts’ expectations of $155.33 million. During the same period in the prior year, the business posted $1.59 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis.
Several analysts have issued reports on DIN shares. Maxim Group dropped their target price on DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, August 8th. Zacks Investment Research raised DineEquity from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Monday, July 24th. ValuEngine cut DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. Finally, Instinet increased their target price on DineEquity from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.47.
In other DineEquity news, Director Msd Capital L. P acquired 39,689 shares of the stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average price of $39.23 per share, with a total value of $1,556,999.47. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stephen P. Joyce acquired 2,265 shares of the stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of $44.07 per share, with a total value of $99,818.55. Following the transaction, the director now directly owns 5,488 shares in the company, valued at $241,856.16. The disclosure for this purchase can be found here. 2.15% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Glen Harbor Capital Management LLC boosted its stake in DineEquity by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock worth $100,000 after buying an additional 136 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in DineEquity by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock worth $146,000 after buying an additional 1,482 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in DineEquity by 2.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock worth $176,000 after buying an additional 100 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in DineEquity by 2,247.0% in the first quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock worth $190,000 after buying an additional 3,348 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in DineEquity by 5.5% in the first quarter. Mason Street Advisors LLC now owns 3,922 shares of the restaurant operator’s stock worth $213,000 after buying an additional 205 shares during the last quarter. 88.63% of the stock is owned by hedge funds and other institutional investors.
Shares of DineEquity (NYSE DIN) traded up 1.78% during mid-day trading on Thursday, reaching $39.56. The company had a trading volume of 195,286 shares. DineEquity has a 12-month low of $36.71 and a 12-month high of $88.00. The stock has a 50 day moving average price of $40.96 and a 200 day moving average price of $49.49. The firm has a market capitalization of $712.00 million, a PE ratio of 8.81 and a beta of 0.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 18th will be given a $0.97 dividend. The ex-dividend date is Friday, September 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 9.81%. DineEquity’s payout ratio is 86.61%.
About DineEquity
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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