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

Denny’s (NASDAQ:DENN) is scheduled to be announcing its earnings results before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, July 30th. The restaurant operator reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $115.90 million for the quarter, compared to analyst estimates of $118.98 million. Denny’s had a negative return on equity of 57.37% and a net margin of 4.19%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $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 %

NASDAQ DENN opened at $6.65 on Monday. The firm has a market cap of $341.61 million, a price-to-earnings ratio of 19.00, a PEG ratio of 1.35 and a beta of 2.02. The company has a 50 day moving average of $6.30 and a 200-day moving average of $7.01. Denny’s has a 1-year low of $5.59 and a 1-year high of $11.16.

Analyst Ratings Changes

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

About Denny’s

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.