Dunkin’ Brands Group Inc. (DNKN) Releases FY14 Earnings Guidance
Dunkin’ Brands Group Inc. (NASDAQ:DNKN) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of $1.79-1.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.79, StockRatingsNetwork.com reports. The company issued revenue guidance of +6-8% calc to ~$756.6-770.9, compared to the consensus revenue estimate of $759.72 million.
A number of research firms have recently commented on DNKN. Analysts at CL King upgraded shares of Dunkin’ Brands Group from a neutral rating to a buy rating in a research note to investors on Thursday, January 2nd. On a related note, analysts at Morgan Stanley reiterated an equal weight rating on shares of Dunkin’ Brands Group in a research note to investors on Friday, December 6th. They now have a $48.00 price target on the stock. Finally, analysts at Buckingham Research initiated coverage on shares of Dunkin’ Brands Group in a research note to investors on Tuesday, November 19th. They set a neutral rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Dunkin’ Brands Group presently has a consensus rating of Hold and a consensus target price of $48.62.
Shares of Dunkin’ Brands Group Inc. (NASDAQ:DNKN) opened at 47.30 on Thursday. Dunkin’ Brands Group Inc. has a 52-week low of $35.92 and a 52-week high of $49.48. The stock’s 50-day moving average is $47.10 and its 200-day moving average is $45.9. The company has a market cap of $5.046 billion and a price-to-earnings ratio of 36.72.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.03. The company had revenue of $183.20 million for the quarter, compared to the consensus estimate of $178.50 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts expect that Dunkin’ Brands Group Inc. will post $1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 19th. Stockholders of record on Monday, March 10th will be paid a dividend of 0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.95%.
Dunkin’ Brands Group, Inc (NASDAQ:DNKN) is a franchisors of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream.
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