-$0.22 EPS Expected for Denny’s Corp (NASDAQ:DENN) This Quarter

Equities research analysts forecast that Denny’s Corp (NASDAQ:DENN) will report ($0.22) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Denny’s’ earnings. The highest EPS estimate is ($0.17) and the lowest is ($0.26). Denny’s posted earnings of $0.23 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 195.7%. The firm is scheduled to report its next quarterly earnings results on Tuesday, August 4th.

On average, analysts expect that Denny’s will report full-year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from ($0.05) to $0.30. For the next year, analysts forecast that the firm will report earnings of $0.57 per share, with EPS estimates ranging from $0.42 to $0.68. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Denny’s.

Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Thursday, May 14th. The restaurant operator reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. Denny’s had a negative return on equity of 32.91% and a net margin of 22.79%. The firm had revenue of $96.70 million during the quarter, compared to analyst estimates of $91.42 million.

A number of brokerages recently commented on DENN. SunTrust Banks increased their price target on Denny’s from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. MKM Partners dropped their price target on Denny’s from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Oppenheimer reissued a “buy” rating and set a $13.00 price target on shares of Denny’s in a research note on Friday, May 15th. ValuEngine raised Denny’s from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Wedbush dropped their price target on Denny’s from $24.50 to $13.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $15.07.

In other Denny’s news, President F Mark Wolfinger sold 6,884 shares of the company’s stock in a transaction that occurred 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 directly owns 806,936 shares in the company, valued at $9,215,209.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its holdings in shares of Denny’s by 0.7% in the fourth quarter. Rhumbline Advisers now owns 88,936 shares of the restaurant operator’s stock worth $1,768,000 after buying an additional 576 shares during the period. Swiss National Bank raised its holdings in shares of Denny’s by 0.6% in the fourth quarter. Swiss National Bank now owns 113,700 shares of the restaurant operator’s stock worth $2,260,000 after buying an additional 700 shares during the period. Amalgamated Bank raised its holdings in shares of Denny’s by 7.6% in the fourth quarter. Amalgamated Bank now owns 10,516 shares of the restaurant operator’s stock worth $209,000 after buying an additional 746 shares during the period. Fruth Investment Management raised its holdings in shares of Denny’s by 4.4% in the first quarter. Fruth Investment Management now owns 23,500 shares of the restaurant operator’s stock worth $180,000 after buying an additional 1,000 shares during the period. Finally, Mesirow Financial Investment Management Equity Management raised its holdings in shares of Denny’s by 16.7% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 11,020 shares of the restaurant operator’s stock worth $85,000 after buying an additional 1,575 shares during the period. Hedge funds and other institutional investors own 86.10% of the company’s stock.

Denny’s stock traded up $0.41 during midday trading on Wednesday, reaching $9.97. 33,516 shares of the stock traded hands, compared to its average volume of 1,754,002. The stock’s fifty day moving average is $10.92 and its 200-day moving average is $14.63. Denny’s has a 12 month low of $4.50 and a 12 month high of $23.88. The stock has a market cap of $532.59 million, a P/E ratio of 5.32, a PEG ratio of 7.73 and a beta of 1.36.

Denny’s Company Profile

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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