Q1 2018 EPS Estimates for Restaurant Brands International Cut by Piper Jaffray (QSR)

Restaurant Brands International (TSE:QSR) (NYSE:QSR) – Equities research analysts at Piper Jaffray lowered their Q1 2018 EPS estimates for shares of Restaurant Brands International in a report issued on Sunday, April 15th. Piper Jaffray analyst N. Regan now expects that the company will post earnings per share of $0.72 for the quarter, down from their prior forecast of $0.73. Piper Jaffray also issued estimates for Restaurant Brands International’s Q2 2018 earnings at $0.88 EPS and FY2018 earnings at $3.42 EPS.

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Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings data on Monday, February 12th. The company reported C$0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.72 by C$0.12. The business had revenue of C$1.57 billion during the quarter, compared to the consensus estimate of C$1.59 billion. Restaurant Brands International had a net margin of 46.86% and a return on equity of 72.64%.

Other analysts also recently issued reports about the stock. Cowen reduced their price target on shares of Restaurant Brands International from C$72.00 to C$69.00 in a report on Tuesday, February 13th. BMO Capital Markets reduced their price target on shares of Restaurant Brands International from C$72.00 to C$70.00 in a report on Tuesday, February 13th. Six investment analysts have rated the stock with a buy rating, Restaurant Brands International has an average rating of “Buy” and an average target price of C$81.00.

Shares of Restaurant Brands International stock opened at C$69.53 on Tuesday. Restaurant Brands International has a fifty-two week low of C$67.55 and a fifty-two week high of C$88.36.

The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were issued a $0.554 dividend. The ex-dividend date was Wednesday, March 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.26. This represents a $2.22 dividend on an annualized basis and a yield of 3.19%.

In other news, insider Alexandre Macedo sold 32,773 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$59.42, for a total transaction of C$1,947,371.66. Also, insider Heitor Goncalves sold 5,497 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of C$59.02, for a total transaction of C$324,432.94. Over the last three months, insiders sold 148,788 shares of company stock valued at $8,773,280.

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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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