Equities research analysts expect Denny’s Corp (NASDAQ:DENN) to report earnings per share (EPS) of ($0.22) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Denny’s’ earnings. The lowest EPS estimate is ($0.26) and the highest is ($0.17). Denny’s posted earnings of $0.23 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 195.7%. The company is expected to report its next earnings report on Tuesday, August 4th.
According to Zacks, analysts expect that Denny’s will report full year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from ($0.05) to $0.30. For the next financial year, analysts anticipate that the company will report earnings of $0.57 per share, with EPS estimates ranging from $0.42 to $0.68. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Denny’s.
Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Thursday, May 14th. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.06. The firm had revenue of $96.70 million during the quarter, compared to analysts’ expectations of $91.42 million. Denny’s had a negative return on equity of 32.91% and a net margin of 22.79%.
Shares of Denny’s stock traded up $0.41 during trading on Wednesday, reaching $9.97. The company’s stock had a trading volume of 33,516 shares, compared to its average volume of 1,754,002. The company has a market cap of $532.59 million, a price-to-earnings ratio of 5.32, a P/E/G ratio of 7.73 and a beta of 1.36. The company has a 50-day simple moving average of $10.92 and a two-hundred day simple moving average of $14.63. Denny’s has a 1-year low of $4.50 and a 1-year high of $23.88.
In other news, President F Mark Wolfinger sold 6,884 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $11.42, for a total transaction of $78,615.28. Following the sale, the president now owns 806,936 shares of the company’s stock, valued at $9,215,209.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of DENN. BDO Wealth Advisors LLC acquired a new position in shares of Denny’s during the first quarter worth $27,000. Tower Research Capital LLC TRC acquired a new position in shares of Denny’s during the first quarter worth $38,000. Islay Capital Management LLC acquired a new position in shares of Denny’s during the fourth quarter worth $64,000. Great West Life Assurance Co. Can acquired a new position in shares of Denny’s during the fourth quarter worth $71,000. Finally, Mork Capital Management LLC acquired a new position in shares of Denny’s during the first quarter worth $77,000. Hedge funds and other institutional investors own 86.10% of the company’s stock.
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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