Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) announced its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.02), Bloomberg Earnings reports. Dunkin’ Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The company had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $214.60 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. Dunkin’ Brands Group updated its FY17 guidance to $2.40-2.43 EPS.
Dunkin’ Brands Group (NASDAQ:DNKN) opened at $56.54 on Friday. Dunkin’ Brands Group has a one year low of $48.53 and a one year high of $60.66. The firm has a market capitalization of $5,094.21, a P/E ratio of 23.21, a P/E/G ratio of 1.75 and a beta of 0.30. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of -13.82.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 27th will be paid a dividend of $0.322 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, November 24th. Dunkin’ Brands Group’s dividend payout ratio (DPR) is 56.33%.
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Several analysts have commented on DNKN shares. Maxim Group reissued a “buy” rating and issued a $64.00 price objective on shares of Dunkin’ Brands Group in a report on Tuesday, October 17th. Zacks Investment Research raised Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. BidaskClub upgraded Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Wedbush reiterated a “hold” rating and set a $56.00 price objective on shares of Dunkin’ Brands Group in a research report on Friday, October 27th. Finally, Robert W. Baird set a $66.00 target price on Dunkin’ Brands Group and gave the company a “buy” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $58.58.
Dunkin’ Brands Group declared that its board has authorized a stock repurchase plan on Thursday, October 26th that permits the company to repurchase $650.00 million in shares. This repurchase authorization permits the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Dunkin’ Brands Group Company Profile
Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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