Analysts Expect Restaurant Brands International Inc (QSR) Will Post Quarterly Sales of $1.39 Billion

Analysts forecast that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will post $1.39 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Restaurant Brands International’s earnings. Restaurant Brands International reported sales of $1.21 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Restaurant Brands International will report full year sales of $5.45 billion for the current financial year, with estimates ranging from $5.41 billion to $5.49 billion. For the next fiscal year, analysts forecast that the company will post sales of $5.72 billion per share, with estimates ranging from $5.68 billion to $5.83 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Restaurant Brands International.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, August 1st. The restaurant operator reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. Restaurant Brands International had a return on equity of 26.99% and a net margin of 12.66%. Restaurant Brands International’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

A number of equities research analysts recently weighed in on QSR shares. Zacks Investment Research upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Tuesday, June 26th. Citigroup boosted their price objective on Restaurant Brands International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. UBS Group set a $74.00 price target on Restaurant Brands International and gave the company a “buy” rating in a research report on Friday, June 8th. Mizuho reiterated a “buy” rating and issued a $67.00 price target on shares of Restaurant Brands International in a research report on Friday, July 20th. Finally, Scotiabank reiterated a “buy” rating and issued a $70.00 price target on shares of Restaurant Brands International in a research report on Thursday. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $70.94.

In related news, Director Golnar Khosrowshahi purchased 5,670 shares of Restaurant Brands International stock in a transaction on Monday, June 18th. The shares were purchased at an average price of $60.34 per share, for a total transaction of $342,127.80. Following the transaction, the director now owns 5,670 shares of the company’s stock, valued at approximately $342,127.80. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.78% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Restaurant Brands International by 1,457.0% during the 4th quarter. BlackRock Inc. now owns 13,686 shares of the restaurant operator’s stock valued at $841,000 after purchasing an additional 12,807 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Restaurant Brands International by 278.4% during the 4th quarter. Renaissance Technologies LLC now owns 101,800 shares of the restaurant operator’s stock valued at $6,280,000 after purchasing an additional 74,900 shares in the last quarter. Guggenheim Capital LLC bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at about $287,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Restaurant Brands International by 12.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,321 shares of the restaurant operator’s stock valued at $696,000 after purchasing an additional 1,254 shares in the last quarter. Finally, Elkfork Partners LLC bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at about $177,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

QSR stock traded down $0.27 during midday trading on Friday, reaching $63.64. 2,153,000 shares of the stock were exchanged, compared to its average volume of 1,779,933. The firm has a market capitalization of $15.76 billion, a P/E ratio of 30.07, a P/E/G ratio of 1.63 and a beta of 1.49. Restaurant Brands International has a 52 week low of $53.09 and a 52 week high of $68.89. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 2.83.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 7th will be given a $0.45 dividend. The ex-dividend date is Thursday, September 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.83%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 85.71%.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Earnings History and Estimates for Restaurant Brands International (NYSE:QSR)

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