Restaurant Brands International (TSE:QSR) (NYSE:QSR) – Oppenheimer increased their FY2018 EPS estimates for Restaurant Brands International in a research note issued on Tuesday, April 24th, according to Zacks Investment Research. Oppenheimer analyst B. Bittner now forecasts that the company will post earnings per share of $3.56 for the year, up from their prior estimate of $3.43. Oppenheimer also issued estimates for Restaurant Brands International’s Q4 2018 earnings at $0.98 EPS.
Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings data on Tuesday, April 24th. The company reported C$0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.71 by C$0.12. The firm had revenue of C$1.58 billion during the quarter, compared to analysts’ expectations of C$1.43 billion. Restaurant Brands International had a return on equity of 72.64% and a net margin of 46.86%.
Several other equities analysts have also recently issued reports on QSR. BMO Capital Markets reaffirmed a “market perform” rating and set a C$58.00 price objective on shares of Restaurant Brands International in a report on Monday, April 23rd. Cowen reduced their price objective on Restaurant Brands International from C$72.00 to C$69.00 in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Restaurant Brands International has an average rating of “Buy” and a consensus price target of C$74.67.
Restaurant Brands International traded up C$0.20, hitting C$71.92, during midday trading on Friday, Marketbeat reports. 500,779 shares of the stock were exchanged, compared to its average volume of 600,330. Restaurant Brands International has a fifty-two week low of C$67.55 and a fifty-two week high of C$88.36.
In other Restaurant Brands International news, insider Heitor Goncalves sold 19,107 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of C$57.59, for a total transaction of C$1,100,372.13. Also, insider Alexandre Macedo sold 32,773 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of C$59.42, for a total value of C$1,947,371.66. Insiders have sold 148,788 shares of company stock valued at $8,773,280 in the last three months.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Tuesday, May 15th will be given a dividend of $0.58 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, May 14th. This represents a $2.32 annualized dividend and a yield of 3.23%.
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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