Dine Brands Global (NYSE:DIN) Releases Earnings Results, Misses Estimates By $0.48 EPS

Dine Brands Global (NYSE:DIN) posted its quarterly earnings data on Wednesday. The restaurant operator reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.48), RTT News reports. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business had revenue of $204.80 million during the quarter, compared to the consensus estimate of $200.75 million. During the same period in the prior year, the company posted $1.40 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year.

Dine Brands Global Stock Performance

Shares of NYSE:DIN traded up $0.25 on Wednesday, hitting $23.72. The stock had a trading volume of 203,700 shares, compared to its average volume of 497,130. The company has a market capitalization of $361.65 million, a price-to-earnings ratio of 3.95 and a beta of 1.75. The firm’s 50 day moving average price is $28.11 and its 200-day moving average price is $30.55. Dine Brands Global has a twelve month low of $22.42 and a twelve month high of $51.35.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.04 annualized dividend and a yield of 8.60%. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Analyst Upgrades and Downgrades

DIN has been the topic of several research reports. UBS Group restated a “neutral” rating and set a $32.00 price objective (down previously from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. KeyCorp cut their price target on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Barclays reissued an “equal weight” rating and set a $32.00 price objective (down previously from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Finally, Wedbush restated a “neutral” rating and issued a $28.00 target price (down from $47.00) on shares of Dine Brands Global in a research note on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.67.

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.