Dunkin Brands Group (DNKN) Issues FY13 Earnings Guidance
Dunkin Brands Group (DNKN) issued an update on its FY13 earnings guidance on Thursday morning. The company provided EPS guidance of $1.48-1.51 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.51. The company issued revenue guidance of rev growth of +6-8% calc to ~$697.5-710.9 million, compared to the consensus revenue estimate of $715.73 million.
Dunkin Brands Group (DNKN) traded up 2.85% on Thursday, hitting $36.80. Dunkin Brands Group (DNKN) has a 1-year low of $27.36 and a 1-year high of $37.22. The stock’s 50-day moving average is currently $34.07. The company has a market cap of $3.885 billion and a price-to-earnings ratio of 79.69.
Dunkin Brands Group last posted its quarterly earnings results on Thursday, January 31st. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.01. The company had revenue of $161.70 million for the quarter, compared to the consensus estimate of $170.75 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Dunkin Brands Group has set its FY13 guidance at $1.48-1.51 EPS. Analysts expect that Dunkin Brands Group (DNKN) will post $1.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 20th. Investors of record on Monday, February 11th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.12%.
A number of research firms have also recently commented on DNKN. Analysts at UBS AG raised their price target on shares of Dunkin Brands Group from $36.00 to $41.00 in a research note to investors on Tuesday. They now have a buy rating on the stock. On a related note, analysts at Argus raised their price target on shares of Dunkin Brands Group from $38.00 to $42.00 in a research note to investors on Wednesday, January 23rd. They now have a buy rating on the stock. Finally, analysts at Raymond James downgraded shares of Dunkin Brands Group from an outperform rating to a market perform rating in a research note to investors on Thursday, January 10th.
Dunkin’ Brands Group, Inc. (DBGI) is a franchisor of restaurants serving coffee and baked goods, as well as ice cream within the quick service restaurant segment of the restaurant industry.
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