Brokerages Expect Denny’s Corp (NASDAQ:DENN) to Announce $0.17 EPS

Brokerages predict that Denny’s Corp (NASDAQ:DENN) will announce earnings per share (EPS) of $0.17 for the current quarter, according to Zacks. Three analysts have issued estimates for Denny’s’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.18. Denny’s posted earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 30.8%. The business is scheduled to report its next quarterly earnings report on Tuesday, May 5th.

According to Zacks, analysts expect that Denny’s will report full-year earnings of $0.80 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.87. For the next year, analysts expect that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.87 to $0.93. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Denny’s.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, February 11th. The restaurant operator reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.06. Denny’s had a net margin of 18.80% and a negative return on equity of 34.15%. The firm had revenue of $113.84 million for the quarter, compared to analyst estimates of $109.17 million.

A number of research analysts have weighed in on the stock. ValuEngine lowered shares of Denny’s from a “hold” rating to a “sell” rating in a research note on Thursday. Maxim Group raised shares of Denny’s from a “hold” rating to a “buy” rating and lifted their price target for the company from $23.00 to $26.00 in a research note on Wednesday, December 4th. Oppenheimer reaffirmed a “buy” rating and issued a $27.00 price target on shares of Denny’s in a research note on Tuesday. SunTrust Banks assumed coverage on shares of Denny’s in a research note on Tuesday, December 10th. They issued a “hold” rating and a $21.00 price target on the stock. Finally, TheStreet lowered shares of Denny’s from a “b-” rating to a “c+” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.67.

DENN traded up $0.15 during trading on Friday, reaching $20.15. The company had a trading volume of 590,340 shares, compared to its average volume of 424,026. Denny’s has a 12 month low of $16.74 and a 12 month high of $23.88. The business’s fifty day moving average price is $20.63 and its 200 day moving average price is $21.34. The company has a market cap of $1.19 billion, a P/E ratio of 11.38, a PEG ratio of 2.87 and a beta of 0.08.

In other news, VP Stephen C. Dunn sold 58,332 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $19.51, for a total value of $1,138,057.32. Following the sale, the vice president now owns 36,017 shares of the company’s stock, valued at $702,691.67. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in DENN. Millennium Management LLC increased its holdings in Denny’s by 206.8% during the third quarter. Millennium Management LLC now owns 1,076,609 shares of the restaurant operator’s stock worth $24,509,000 after buying an additional 725,669 shares during the last quarter. California Public Employees Retirement System increased its holdings in Denny’s by 16.2% during the third quarter. California Public Employees Retirement System now owns 252,729 shares of the restaurant operator’s stock worth $5,753,000 after buying an additional 35,180 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Denny’s during the third quarter worth $5,694,000. Stifel Financial Corp increased its holdings in Denny’s by 2.7% during the third quarter. Stifel Financial Corp now owns 104,799 shares of the restaurant operator’s stock worth $2,386,000 after buying an additional 2,793 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Denny’s by 1.8% during the third quarter. Rhumbline Advisers now owns 88,360 shares of the restaurant operator’s stock worth $2,012,000 after buying an additional 1,529 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

About Denny’s

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.

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Earnings History and Estimates for Denny`s (NASDAQ:DENN)

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