Dine Brands Global (NYSE:DIN) Announces Earnings Results, Beats Estimates By $0.11 EPS

Dine Brands Global (NYSE:DIN) issued its earnings results on Wednesday. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.11, Briefing.com reports. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The business had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $198.40 million. During the same quarter in the previous year, the firm posted $1.46 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year.

Dine Brands Global Trading Down 2.1 %

DIN stock traded down $0.74 during trading on Thursday, reaching $35.25. The stock had a trading volume of 478,169 shares, compared to its average volume of 434,909. The stock’s 50 day moving average is $31.00 and its two-hundred day moving average is $35.04. The firm has a market cap of $539.33 million, a PE ratio of 6.13 and a beta of 1.71. Dine Brands Global has a 52 week low of $28.25 and a 52 week high of $52.05.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.79%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s dividend payout ratio is currently 34.23%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DIN. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday. Wedbush restated an “outperform” rating and issued a $47.00 price objective on shares of Dine Brands Global in a research report on Thursday. CL King lowered shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Finally, UBS Group cut their price objective on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a report on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Dine Brands Global currently has a consensus rating of “Hold” and a consensus target price of $46.14.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.