Technical Indicators under revision: Dine Brands Global, Inc. (NYSE: DIN)

On Monday, Dine Brands Global, Inc. (NYSE: DIN) witnessed a gain of 2.45% in recent trading period with closing price of $80.29. The company’s last traded volume of 253003 shares vs to an average volume of 298.48K shares.  In the trailing 12 months period, return on assets ratio of the Company was 5.10% and return on equity ratio was -47.40% while its return on investment ratio was 6.50%.

Dine Brands Global, Inc. (DIN) recently reported financial results for the third quarter of 2019.

Key Highlights

  • IHOP signs largest multi-unit franchise contract in the brand’s history with TravelCenters of America to develop nearly 100 restaurants.
  • Total revenues for the third quarter of 2019, not including advertising revenues and including Company restaurant sales, increased 22% year-over-year to $149.9M.
  • IHOP’s stated system-wide sales for the third quarter of 2019 increased 1.2% year-over-year to $845M.
  • General and administrative expenses for the third quarter of 2019 declined 4.5% year-over-year to $38.9M.
  • GAAP earnings per diluted share for the third quarter of 2019 increased 5.4% year-over-year to $1.36.
  • Adjusted earnings per diluted share for the third quarter of 2019 increased 1.3% year-over-year to $1.55. (See “Non-GAAP Financial Measures” and reconciliation of GAAP earnings per diluted share to adjusted earnings per diluted share.)
  • Net income for the third quarter of 2019 increased 1.4% year-over-year to $23.9M.
  • Consolidated adjusted EBITDA for the third quarter increased 2.0% to $63.4M contrast to $62.2M for the third quarter of 2018. (See “Non-GAAP Financial Measures” and reconciliation of GAAP net income to consolidated adjusted EBITDA.)
  • During the third quarter of 2019, the Company repurchased 523,898 shares of its ordinary stock for a total cost of $42.7M and paid quarterly cash dividends totaling $11.9M.
  • Cash flows from operating activities for the first nine months of 2019 increased 71.4% to $105.6M contrast to $61.6M for the same period of 2018.
  • Adjusted free cash flow for the first nine months of 2019 increased 61.0% to $100.8M contrast to $62.6M for the same period of 2018. (See “Non-GAAP Financial Measures” and reconciliation of the Company’s cash provided by operating activities to adjusted free cash flow.)

Third Quarter of 2019 Financial Highlights

  • GAAP net income accessible to ordinary stockholders was $23.1M, or earnings per diluted share of $1.36, for the third quarter of 2019. This contrast to net income accessible to ordinary stockholders of $22.8M, or earnings per diluted share of $1.29, for the third quarter of 2018. The increase in net income was primarily Because of debt modification costs incurred in the third quarter of 2018 that did not recur in the third quarter of 2019 and a decrease in general and administrative expenses. These items were partially offset by a decline in gross profit.
  • Adjusted net income accessible to ordinary stockholders was $26.4M, or adjusted earnings per diluted share of $1.55, for the third quarter of 2019. This compares to adjusted net income accessible to ordinary stockholders of $27.2M, or adjusted earnings per diluted share of $1.53, for the third quarter of 2018. The decrease in adjusted net income was primarily Because of lower gross profit. The increase in adjusted earnings per diluted share was Because of a decrease in weighted average diluted shares outstanding. (See “Non-GAAP Financial Measures” below.)
  • General and administrative expenses were $38.9M for the third quarter of 2019 contrast to $40.8M for the third quarter of 2018. The decrease was primarily Because of lower personnel-related costs.

In the profitability analysis, net profit margin of the firm was recorded at 11.20% and operating profit margin was calculated at 14.90% while gross profit margin was measured as 43.00%. Beta factor, which measures the riskiness of the security, was registered at 0.38. EPS growth for this year is 119.20% and EPS growth for next year is expected to reach at 10.09%. EPS growth in past five years was 3.40% while EPS growth in next five years is projected to arrive at 14.28%. Sales growth past 5 years was measured at 4.00%.

 

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