Analysts Anticipate DineEquity Inc (DIN) Will Announce Quarterly Sales of $147.82 Million

Brokerages expect DineEquity Inc (NYSE:DIN) to report $147.82 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for DineEquity’s earnings. The highest sales estimate is $149.84 million and the lowest is $145.80 million. DineEquity reported sales of $154.17 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.1%. The company is expected to issue its next earnings results before the market opens on Tuesday, February 20th.

On average, analysts expect that DineEquity will report full year sales of $147.82 million for the current year, with estimates ranging from $602.00 million to $605.89 million. For the next fiscal year, analysts expect that the firm will post sales of $586.94 million per share, with estimates ranging from $585.87 million to $588.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover DineEquity.

DineEquity (NYSE:DIN) last announced its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The company had revenue of $144.67 million during the quarter, compared to the consensus estimate of $146.92 million. DineEquity had a negative net margin of 64.74% and a positive return on equity of 64.43%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 earnings per share.

Several brokerages recently weighed in on DIN. Maxim Group raised their price target on shares of DineEquity from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. ValuEngine raised shares of DineEquity from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of DineEquity from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Wednesday, January 31st. Finally, TheStreet downgraded shares of DineEquity from a “c” rating to a “d+” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $59.80.

Shares of DineEquity (NYSE DIN) opened at $53.96 on Monday. The firm has a market cap of $970.64, a P/E ratio of -2.47 and a beta of 0.51. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -6.40. DineEquity has a 1 year low of $36.71 and a 1 year high of $68.13.

In other DineEquity news, Director Larry Alan Kay sold 778 shares of DineEquity stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total value of $35,118.92. Following the completion of the sale, the director now owns 8,513 shares of the company’s stock, valued at approximately $384,276.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.15% of the company’s stock.

Large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in DineEquity in the 3rd quarter worth approximately $189,000. Crossmark Global Holdings Inc. purchased a new position in shares of DineEquity during the 3rd quarter worth $228,000. Quantitative Systematic Strategies LLC purchased a new position in shares of DineEquity during the 4th quarter worth $292,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of DineEquity by 69.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,770 shares of the restaurant operator’s stock worth $291,000 after acquiring an additional 2,780 shares during the last quarter. Finally, SFE Investment Counsel purchased a new position in shares of DineEquity during the 3rd quarter worth $294,000. 92.63% of the stock is owned by institutional investors and hedge funds.

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About DineEquity

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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