Denny’s (DENN) Set to Announce Quarterly Earnings on Tuesday

Denny’s (NASDAQ:DENN) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 22nd. Analysts expect Denny’s to post earnings of $0.16 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, July 30th. The restaurant operator reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $115.90 million during the quarter, compared to analyst estimates of $118.98 million. Denny’s had a net margin of 4.19% and a negative return on equity of 57.37%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. On average, analysts expect Denny’s to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Denny’s Trading Down 0.6 %

Shares of NASDAQ:DENN opened at $6.65 on Friday. The company has a market capitalization of $345.93 million, a price-to-earnings ratio of 15.47, a PEG ratio of 1.29 and a beta of 2.02. Denny’s has a 12-month low of $5.59 and a 12-month high of $11.16. The business has a 50-day moving average price of $6.30 and a 200 day moving average price of $7.01.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DENN. Oppenheimer reduced their price target on shares of Denny’s from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Benchmark restated a “buy” rating and set a $15.00 price target on shares of Denny’s in a research note on Wednesday, July 31st. Truist Financial dropped their price objective on Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Wedbush decreased their target price on Denny’s from $8.50 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Finally, Citigroup lowered their target price on Denny’s from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Denny’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.