DineEquity Inc (DIN) reported quarterly earnings results on Thursday, May-5-2016. The company reported $1.58 earnings per share for the quarter, missing the analyst consensus estimate by $-0.11. Analysts had a consensus of $1.69. The company posted revenue of $163.50 million in the period, compared to analysts expectations of $165.84 million. The company’s revenue was down -7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS.
Many Wall Street Analysts have commented on DineEquity Inc. Nomura Initiated DineEquity Inc on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $107.
DineEquity Inc closed down -0.02 points or -0.02% at $85.62 with 6,51,499 shares getting traded on Wednesday. Post opening the session at $85.59, the shares hit an intraday low of $85.33 and an intraday high of $86.535 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 7, 2016, Bryan R Adel (SVP, LEGAL, GC AND SECRETARY) sold 5,000 shares at $94.22 per share price. According to the SEC, on Mar 2, 2016, Larry Alan Kay (director) sold 1,300 shares at $91.62 per share price. On Mar 1, 2016, Greggory Kalvin (SVP, CORPORATE CONTROLLER) sold 2,448 shares at $90.97 per share price, according to the Form-4 filing with the securities and exchange commission.
DineEquity Inc. owns franchises and operates two restaurant concepts: Applebee’s Neighborhood Grill & Bar (Applebee’s) in the bar and grill segment within the casual dining category of the restaurant industry and International House of Pancakes (IHOP) in the family dining category of the restaurant industry. The Company operates in four segments: Franchise operations which consists of approximately 1994 Applebees franchised restaurants and approximately 1639 IHOP franchised and area licensed restaurants; Rental operations which include lease or sublease agreements covering 709 IHOP franchised restaurants and one Applebees franchised restaurant; Company restaurant operations which include approximately 23 Applebees company-operated restaurants and approximately 11 IHOP company-operated restaurants and Financing operations which include revenue of interest income from the financing of franchise fees and equipment leases.