Dine Brands Global (DIN) Issues FY18 Earnings Guidance

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Dine Brands Global (NYSE:DIN) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $5.10-5.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.22.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Dine Brands Global from a hold rating to a buy rating and set a $89.00 target price on the stock in a report on Wednesday, August 22nd. Maxim Group reiterated a buy rating and issued a $101.00 target price (up from $95.00) on shares of Dine Brands Global in a report on Wednesday, August 1st. Finally, Raymond James lowered shares of Dine Brands Global from a strong-buy rating to an outperform rating and increased their target price for the stock from $92.50 to $108.00 in a report on Monday, September 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $104.00.

DIN opened at $84.80 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of -6.10. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.43 and a beta of 0.06. Dine Brands Global has a twelve month low of $42.05 and a twelve month high of $95.00.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, August 1st. The restaurant operator reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.05. The company had revenue of $184.47 million for the quarter, compared to analyst estimates of $186.92 million. Dine Brands Global had a negative net margin of 50.50% and a negative return on equity of 35.19%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. Research analysts predict that Dine Brands Global will post 5.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Thursday, December 20th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, December 19th. This represents a $2.52 annualized dividend and a yield of 2.97%. Dine Brands Global’s dividend payout ratio (DPR) is presently 60.72%.

In related news, Director Larry Alan Kay sold 415 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $71.81, for a total transaction of $29,801.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Bryan R. Adel sold 10,488 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $89.50, for a total transaction of $938,676.00. Following the sale, the senior vice president now owns 26,895 shares in the company, valued at $2,407,102.50. The disclosure for this sale can be found here. Company insiders own 2.75% of the company’s stock.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.

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