Dine Brands Global (DIN) Updates FY19 Earnings Guidance

Dine Brands Global (NYSE:DIN) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $6.90-7.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.95. Dine Brands Global also updated its FY 2019 guidance to $6.90-7.20 EPS.

Several brokerages recently issued reports on DIN. Zacks Investment Research downgraded shares of Dine Brands Global from a hold rating to a sell rating in a report on Monday, November 5th. ValuEngine raised shares of Dine Brands Global from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Finally, TheStreet raised shares of Dine Brands Global from a d+ rating to a c+ rating in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Dine Brands Global has an average rating of Hold and an average target price of $108.00.

Shares of DIN stock traded up $9.23 during trading on Thursday, reaching $97.74. The company’s stock had a trading volume of 12,049 shares, compared to its average volume of 266,449. Dine Brands Global has a one year low of $61.89 and a one year high of $95.09. The firm has a market cap of $1.55 billion, a PE ratio of 23.61 and a beta of 0.45.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Thursday, February 21st. The restaurant operator reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.13. Dine Brands Global had a net margin of 19.41% and a negative return on equity of 40.87%. The firm had revenue of $174.60 million for the quarter, compared to the consensus estimate of $197.28 million. During the same period in the previous year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. As a group, equities analysts predict that Dine Brands Global will post 5.25 EPS for the current year.

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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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