Darden Restaurants (NYSE:DRI) posted its earnings results on Thursday. The restaurant operator reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.51, MarketWatch Earnings reports. Darden Restaurants had a negative net margin of 0.67% and a positive return on equity of 16.68%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The company’s revenue was down 28.6% on a year-over-year basis. Darden Restaurants updated its Q2 2021
Pre-Market guidance to 0.65-0.75 EPS and its Q2 guidance to $0.65-0.75 EPS.
DRI stock opened at $97.17 on Friday. The stock’s fifty day simple moving average is $86.51 and its two-hundred day simple moving average is $74.21. The company has a current ratio of 0.61, a quick ratio of 0.50 and a debt-to-equity ratio of 0.40. Darden Restaurants has a 1-year low of $26.15 and a 1-year high of $124.01. The stock has a market cap of $12.62 billion, a P/E ratio of -242.93, a P/E/G ratio of 2.13 and a beta of 1.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 9th will be given a $0.30 dividend. The ex-dividend date is Thursday, October 8th. This represents a $1.20 annualized dividend and a yield of 1.23%.
About Darden Restaurants
Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.
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