DineEquity, Inc (DIN) Expected to Post Quarterly Sales of $146.51 Million
Wall Street analysts expect DineEquity, Inc (NYSE:DIN) to post $146.51 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for DineEquity’s earnings. The highest sales estimate is $146.68 million and the lowest is $146.33 million. DineEquity posted sales of $156.02 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.1%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, November 9th.
According to Zacks, analysts expect that DineEquity will report full year sales of $146.51 million for the current financial year, with estimates ranging from $605.65 million to $609.18 million. For the next year, analysts anticipate that the company will post sales of $595.94 million per share, with estimates ranging from $583.82 million to $608.05 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for DineEquity.
DineEquity (NYSE:DIN) last released its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.10. The firm had revenue of $155.20 million during the quarter, compared to analyst estimates of $155.33 million. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. DineEquity’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.59 earnings per share.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded DineEquity from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. BidaskClub upgraded DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Maxim Group lowered their price target on DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, August 8th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a report on Monday, July 24th. Finally, ValuEngine downgraded DineEquity from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.47.
In other news, Director Msd Capital L. P acquired 39,689 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was bought at an average cost of $39.23 per share, with a total value of $1,556,999.47. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.15% of the company’s stock.
A number of large investors have recently bought and sold shares of DIN. State of Alaska Department of Revenue boosted its position in DineEquity by 80.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock valued at $146,000 after buying an additional 1,482 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in DineEquity by 2.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 100 shares during the last quarter. Russell Investments Group Ltd. boosted its position in DineEquity by 2,247.0% in the 1st quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock valued at $190,000 after buying an additional 3,348 shares during the last quarter. Mason Street Advisors LLC boosted its position in DineEquity by 5.5% in the 1st quarter. Mason Street Advisors LLC now owns 3,922 shares of the restaurant operator’s stock valued at $213,000 after buying an additional 205 shares during the last quarter. Finally, WBI Investments Inc. purchased a new position in DineEquity in the 2nd quarter valued at about $230,000. 92.00% of the stock is owned by institutional investors.
DineEquity (NYSE:DIN) opened at 45.83 on Friday. The stock has a market capitalization of $824.85 million, a price-to-earnings ratio of 10.21 and a beta of 0.40. The company has a 50-day moving average price of $42.11 and a 200-day moving average price of $45.22. DineEquity has a 12-month low of $36.71 and a 12-month high of $88.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Monday, December 18th will be given a $0.97 dividend. The ex-dividend date is Friday, December 15th. This represents a $3.88 dividend on an annualized basis and a yield of 8.47%. DineEquity’s payout ratio is currently 86.61%.
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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