Restaurant Brands International Inc (NYSE:QSR) Expected to Post Earnings of $0.72 Per Share

Wall Street analysts expect Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) to post earnings of $0.72 per share for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Restaurant Brands International’s earnings, with estimates ranging from $0.68 to $0.75. Restaurant Brands International posted earnings per share of $0.63 during the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The firm is scheduled to issue its next earnings results on Wednesday, October 23rd.

On average, analysts expect that Restaurant Brands International will report full-year earnings of $2.70 per share for the current year, with EPS estimates ranging from $2.60 to $2.75. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.98 per share, with EPS estimates ranging from $2.76 to $3.10. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Restaurant Brands International.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Friday, August 2nd. The restaurant operator reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. Restaurant Brands International had a return on equity of 30.53% and a net margin of 10.57%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share.

A number of equities research analysts recently weighed in on the stock. SunTrust Banks raised their price target on shares of Restaurant Brands International to $86.00 and gave the company a “buy” rating in a report on Monday, August 5th. Goldman Sachs Group initiated coverage on shares of Restaurant Brands International in a report on Monday, July 29th. They issued a “neutral” rating and a $71.00 price objective on the stock. Oppenheimer raised their target price on Restaurant Brands International from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. KeyCorp lifted their target price on Restaurant Brands International from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Cowen raised their price objective on Restaurant Brands International from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $78.11.

Shares of NYSE QSR traded up $0.36 during trading on Friday, reaching $72.16. 177,963 shares of the stock were exchanged, compared to its average volume of 2,847,331. The company has a market capitalization of $19.18 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.97 and a beta of 1.23. The business’s 50-day moving average price is $75.63 and its 200 day moving average price is $69.00. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 3.30. Restaurant Brands International has a twelve month low of $50.20 and a twelve month high of $79.46.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Tuesday, September 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.77%. Restaurant Brands International’s dividend payout ratio is presently 76.05%.

In other news, Director Paul J. Fribourg sold 488,024 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $77.20, for a total value of $37,675,452.80. Following the completion of the sale, the director now directly owns 58,005 shares in the company, valued at $4,477,986. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jose E. Cil sold 122,680 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $77.74, for a total value of $9,537,143.20. Following the completion of the sale, the chief executive officer now owns 647,068 shares of the company’s stock, valued at $50,303,066.32. The disclosure for this sale can be found here. Insiders sold a total of 840,294 shares of company stock worth $64,840,016 in the last ninety days. Insiders own 4.13% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Coastal Capital Group Inc. acquired a new stake in shares of Restaurant Brands International in the 2nd quarter valued at $28,000. Coastal Investment Advisors Inc. bought a new stake in Restaurant Brands International during the 2nd quarter worth approximately $31,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Restaurant Brands International during the 2nd quarter worth approximately $36,000. Signaturefd LLC raised its holdings in Restaurant Brands International by 40.3% during the 2nd quarter. Signaturefd LLC now owns 1,097 shares of the restaurant operator’s stock worth $76,000 after buying an additional 315 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in Restaurant Brands International in the second quarter valued at approximately $103,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

About Restaurant Brands International

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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