Dine Brands Global (DIN) Updates FY18 Earnings Guidance

Dine Brands Global (NYSE:DIN) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.10-5.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.16.

DIN traded up $4.66 during trading on Thursday, hitting $85.70. The company’s stock had a trading volume of 625,877 shares, compared to its average volume of 385,068. Dine Brands Global has a 12 month low of $42.05 and a 12 month high of $95.00. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 20.65 and a beta of 0.06.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.01. Dine Brands Global had a negative return on equity of 35.19% and a negative net margin of 50.50%. The firm had revenue of $194.10 million during the quarter, compared to the consensus estimate of $185.98 million. During the same quarter in the previous year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts forecast that Dine Brands Global will post 5.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Thursday, December 20th will be given a $0.63 dividend. The ex-dividend date is Wednesday, December 19th. This represents a $2.52 annualized dividend and a yield of 2.94%. Dine Brands Global’s payout ratio is 60.72%.

Several research firms have recently commented on DIN. Raymond James cut Dine Brands Global from a strong-buy rating to an outperform rating and lifted their target price for the company from $92.50 to $108.00 in a research note on Monday, September 10th. Maxim Group lifted their target price on Dine Brands Global from $101.00 to $115.00 and gave the company a buy rating in a research note on Friday, September 28th. Finally, Zacks Investment Research cut Dine Brands Global from a strong-buy rating to a hold rating in a research note on Wednesday, October 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $104.00.

In related news, SVP Bryan R. Adel sold 10,488 shares of Dine Brands Global 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 completion of the sale, the senior vice president now directly owns 26,895 shares of the company’s stock, valued at $2,407,102.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Larry Alan Kay sold 415 shares of Dine Brands Global stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $71.81, for a total value of $29,801.15. The disclosure for this sale can be found here. 2.75% of the stock is currently owned by company insiders.

About Dine Brands Global

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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