DineEquity, Inc (NYSE:DIN) to Release Earnings on Tuesday
DineEquity, Inc (NYSE:DIN) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, August 1st. Analysts expect DineEquity to post earnings of $1.18 per share for the quarter.
DineEquity (NYSE:DIN) last posted its earnings results on Tuesday, May 2nd. The restaurant operator reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.02. The company had revenue of $156.17 million for the quarter, compared to analyst estimates of $158.77 million. DineEquity had a return on equity of 40.48% and a net margin of 13.85%. On average, analysts expect DineEquity to post $4.81 EPS for the current fiscal year and $5.17 EPS for the next fiscal year.
Shares of DineEquity, Inc (DIN) opened at 42.29 on Tuesday. The firm has a market cap of $760.37 million, a price-to-earnings ratio of 8.89 and a beta of 0.41. DineEquity, Inc has a 12-month low of $42.01 and a 12-month high of $88.00. The firm has a 50-day moving average price of $43.91 and a 200 day moving average price of $54.58.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Monday, June 19th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 9.17%. The ex-dividend date was Thursday, June 15th. DineEquity’s payout ratio is currently 81.68%.
DIN has been the topic of several recent analyst reports. Zacks Investment Research raised DineEquity from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Nomura reaffirmed a “hold” rating and set a $55.00 target price on shares of DineEquity in a research note on Monday, April 17th. Instinet lifted their target price on DineEquity from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, May 4th. Maxim Group reaffirmed a “buy” rating on shares of DineEquity in a research note on Monday, April 10th. Finally, Vetr downgraded DineEquity from a “buy” rating to a “hold” rating and set a $58.82 target price on the stock. in a research note on Wednesday, April 26th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $65.12.
In other news, insider Darren M. Rebelez purchased 3,775 shares of the stock in a transaction dated Monday, May 8th. The shares were bought at an average cost of $51.68 per share, for a total transaction of $195,092.00. Following the transaction, the insider now owns 32,824 shares in the company, valued at $1,696,344.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen P. Joyce purchased 2,265 shares of the stock in a transaction dated Thursday, June 15th. The shares were purchased at an average price of $44.07 per share, for a total transaction of $99,818.55. Following the completion of the transaction, the director now owns 5,488 shares in the company, valued at approximately $241,856.16. The disclosure for this purchase can be found here. 2.15% of the stock is currently owned by company insiders.
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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