Denny’s Corporation (DENN) to Release Earnings on Wednesday
Denny’s Corporation (NASDAQ:DENN) will release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Denny’s Corporation to post earnings of $0.14 per share for the quarter.
Denny’s Corporation (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $133.40 million for the quarter, compared to analysts’ expectations of $131.62 million. Denny’s Corporation had a negative return on equity of 60.77% and a net margin of 7.34%. Denny’s Corporation’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS. On average, analysts expect Denny’s Corporation to post $0.55 EPS for the current fiscal year and $0.61 EPS for the next fiscal year.
Shares of Denny’s Corporation (DENN) opened at 13.06 on Wednesday. The stock has a market cap of $877.31 million, a price-to-earnings ratio of 25.61 and a beta of 0.60. Denny’s Corporation has a 52 week low of $10.02 and a 52 week high of $14.25. The stock’s 50 day moving average price is $12.43 and its 200 day moving average price is $12.03.
DENN has been the subject of a number of research reports. BidaskClub cut shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Wedbush restated an “outperform” rating and set a $14.00 target price on shares of Denny’s Corporation in a report on Sunday, July 30th. Zacks Investment Research cut shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, TheStreet upgraded shares of Denny’s Corporation from a “c+” rating to a “b-” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.67.
In related news, VP Stephen C. Dunn sold 5,111 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $11.89, for a total transaction of $60,769.79. Following the completion of the sale, the vice president now directly owns 93,179 shares in the company, valued at $1,107,898.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.20% of the company’s stock.
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Denny’s Corporation Company Profile
Denny’s Corporation (Denny’s) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations.
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