Equities research analysts expect that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will post sales of $1.39 billion for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Restaurant Brands International’s earnings. The highest sales estimate is $1.43 billion and the lowest is $1.35 billion. Restaurant Brands International posted sales of $1.34 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The firm is scheduled to announce its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Restaurant Brands International will report full-year sales of $5.57 billion for the current financial year, with estimates ranging from $5.53 billion to $5.67 billion. For the next financial year, analysts forecast that the firm will report sales of $5.87 billion, with estimates ranging from $5.82 billion to $6.06 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Monday, April 29th. The restaurant operator reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.04). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Restaurant Brands International had a net margin of 11.16% and a return on equity of 29.58%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS.
QSR has been the subject of a number of recent research reports. Oppenheimer lifted their price objective on Restaurant Brands International from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, February 12th. BMO Capital Markets upgraded Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $63.11 price objective for the company in a research note on Wednesday, January 23rd. ValuEngine upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Zacks Investment Research cut Restaurant Brands International from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Finally, Sanford C. Bernstein began coverage on Restaurant Brands International in a research report on Friday, April 5th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $69.83.
Shares of NYSE QSR traded up $1.25 during trading on Friday, reaching $68.74. 1,404,886 shares of the company traded hands, compared to its average volume of 1,803,997. The firm has a market capitalization of $17.14 billion, a P/E ratio of 26.13, a PEG ratio of 2.70 and a beta of 1.39. Restaurant Brands International has a 12-month low of $50.20 and a 12-month high of $68.93. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.04 and a current ratio of 1.10.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Monday, June 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, June 14th. Restaurant Brands International’s dividend payout ratio is currently 76.05%.
In other Restaurant Brands International news, insider Alexandre Macedo sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $62.03, for a total value of $6,203,000.00. Following the sale, the insider now owns 289,864 shares of the company’s stock, valued at $17,980,263.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Granat sold 35,621 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $62.30, for a total value of $2,219,188.30. Following the completion of the sale, the insider now directly owns 276,457 shares in the company, valued at approximately $17,223,271.10. The disclosure for this sale can be found here. 3.78% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Proficio Capital Partners LLC raised its position in Restaurant Brands International by 36.8% in the fourth quarter. Proficio Capital Partners LLC now owns 621 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 167 shares during the period. Cresset Asset Management LLC acquired a new position in shares of Restaurant Brands International in the first quarter worth $48,000. Lindbrook Capital LLC grew its stake in shares of Restaurant Brands International by 327.2% in the first quarter. Lindbrook Capital LLC now owns 786 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 602 shares in the last quarter. Enlightenment Research LLC acquired a new position in shares of Restaurant Brands International in the fourth quarter worth $42,000. Finally, Howe & Rusling Inc. grew its stake in shares of Restaurant Brands International by 357.4% in the first quarter. Howe & Rusling Inc. now owns 988 shares of the restaurant operator’s stock worth $64,000 after acquiring an additional 772 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.
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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