Dunkin’ Brands Group, Inc. (DNKN) Issues FY17 Earnings Guidance
Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $2.40-2.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.43.
A number of brokerages have issued reports on DNKN. Bank of America Corporation reissued a neutral rating and set a $62.00 price objective (up from $60.00) on shares of Dunkin’ Brands Group in a report on Tuesday, June 13th. Maxim Group reissued a buy rating on shares of Dunkin’ Brands Group in a report on Monday, April 10th. Argus raised Dunkin’ Brands Group from a hold rating to a buy rating and lifted their price target for the company from $58.84 to $68.00 in a report on Tuesday, June 6th. Barclays PLC lifted their price target on Dunkin’ Brands Group from $62.00 to $65.00 and gave the company an overweight rating in a report on Wednesday, May 31st. Finally, Zacks Investment Research raised Dunkin’ Brands Group from a sell rating to a hold rating in a report on Friday, May 5th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Dunkin’ Brands Group currently has a consensus rating of Hold and a consensus price target of $55.80.
Dunkin’ Brands Group, Inc. (DNKN) traded up 0.69% during trading on Thursday, hitting $52.88. The stock had a trading volume of 2,298,682 shares. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 23.82 and a beta of 0.22. The company has a 50-day moving average of $55.19 and a 200 day moving average of $54.78. Dunkin’ Brands Group, Inc. has a 52 week low of $43.81 and a 52 week high of $59.70.
Dunkin’ Brands Group (NASDAQ:DNKN) last announced its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Dunkin’ Brands Group had a negative return on equity of 133.92% and a net margin of 24.81%. The company had revenue of $218.50 million for the quarter, compared to analysts’ expectations of $220.77 million. During the same period last year, the firm earned $0.57 EPS. Dunkin’ Brands Group’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Dunkin’ Brands Group, Inc. will post $2.43 EPS for the current year.
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Dunkin’ Brands Group Company Profile
Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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