Wall Street brokerages expect Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) to announce earnings of $0.66 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Restaurant Brands International’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.70. Restaurant Brands International reported earnings per share of $0.58 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.8%. The company is expected to issue its next earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Restaurant Brands International will report full-year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.61 to $2.77. For the next financial year, analysts forecast that the firm will report earnings of $2.85 per share, with EPS estimates ranging from $2.76 to $3.00. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, August 1st. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Restaurant Brands International had a return on equity of 28.10% and a net margin of 13.68%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. The company’s revenue was up 18.6% on a year-over-year basis.
A number of research analysts have issued reports on QSR shares. Cowen raised Restaurant Brands International from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $64.00 to $74.00 in a research note on Tuesday, July 17th. Citigroup boosted their target price on Restaurant Brands International from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Scotiabank reissued a “buy” rating and issued a $70.00 target price on shares of Restaurant Brands International in a research note on Thursday, August 2nd. ValuEngine raised Restaurant Brands International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, Zacks Investment Research raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $71.06.
Several hedge funds have recently bought and sold shares of the company. HL Financial Services LLC boosted its position in shares of Restaurant Brands International by 6.9% during the second quarter. HL Financial Services LLC now owns 12,475 shares of the restaurant operator’s stock worth $752,000 after buying an additional 800 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of Restaurant Brands International by 45.3% during the first quarter. Moneta Group Investment Advisors LLC now owns 2,885 shares of the restaurant operator’s stock worth $164,000 after buying an additional 900 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Restaurant Brands International by 56.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,722 shares of the restaurant operator’s stock valued at $225,000 after purchasing an additional 1,337 shares during the last quarter. Lenox Wealth Advisors LLC acquired a new position in Restaurant Brands International during the second quarter valued at approximately $103,000. Finally, Commonwealth Equity Services LLC boosted its position in Restaurant Brands International by 20.7% during the first quarter. Commonwealth Equity Services LLC now owns 10,054 shares of the restaurant operator’s stock valued at $572,000 after purchasing an additional 1,723 shares during the last quarter. 79.32% of the stock is owned by institutional investors.
NYSE:QSR traded up $1.37 on Tuesday, reaching $58.94. The company’s stock had a trading volume of 1,819,998 shares, compared to its average volume of 1,722,289. Restaurant Brands International has a 1-year low of $53.09 and a 1-year high of $68.89. The company has a current ratio of 1.24, a quick ratio of 1.17 and a debt-to-equity ratio of 2.84. The stock has a market cap of $14.89 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.58 and a beta of 1.40.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 6th. This represents a $1.80 annualized dividend and a dividend yield of 3.05%. Restaurant Brands International’s dividend payout ratio is currently 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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