Equities analysts forecast that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will report sales of $1.38 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Restaurant Brands International’s earnings, with the lowest sales estimate coming in at $1.34 billion and the highest estimate coming in at $1.41 billion. Restaurant Brands International posted sales of $1.23 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 12.2%. The firm is scheduled to issue its next earnings results on Monday, February 11th.
According to Zacks, analysts expect that Restaurant Brands International will report full-year sales of $5.36 billion for the current fiscal year, with estimates ranging from $5.31 billion to $5.39 billion. For the next financial year, analysts forecast that the company will post sales of $5.59 billion, with estimates ranging from $5.49 billion to $5.73 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, October 24th. The restaurant operator reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Restaurant Brands International had a return on equity of 28.42% and a net margin of 12.76%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share.
Several brokerages recently issued reports on QSR. ValuEngine lowered shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Wells Fargo & Co cut their price objective on shares of Restaurant Brands International from $69.00 to $63.00 and set a “market perform” rating on the stock in a report on Tuesday, October 16th. Citigroup lifted their price objective on shares of Restaurant Brands International from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, August 13th. KeyCorp began coverage on shares of Restaurant Brands International in a report on Wednesday, October 3rd. They set an “overweight” rating and a $68.00 price objective on the stock. Finally, UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the company a “buy” rating in a report on Thursday, October 18th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $69.80.
Shares of NYSE:QSR opened at $54.67 on Friday. The company has a market cap of $14.14 billion, a PE ratio of 26.03, a P/E/G ratio of 1.63 and a beta of 1.37. Restaurant Brands International has a one year low of $52.06 and a one year high of $65.17. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.27 and a current ratio of 1.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Monday, December 17th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, December 14th. Restaurant Brands International’s payout ratio is 85.71%.
A number of institutional investors and hedge funds have recently made changes to their positions in QSR. Daiwa Securities Group Inc. acquired a new stake in Restaurant Brands International in the second quarter valued at approximately $133,000. San Francisco Sentry Investment Group CA boosted its stake in Restaurant Brands International by 166.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 2,317 shares of the restaurant operator’s stock valued at $137,000 after acquiring an additional 1,446 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Restaurant Brands International in the second quarter valued at approximately $162,000. Riverhead Capital Management LLC boosted its stake in Restaurant Brands International by 52.0% in the third quarter. Riverhead Capital Management LLC now owns 3,508 shares of the restaurant operator’s stock valued at $207,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Restaurant Brands International by 56.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,722 shares of the restaurant operator’s stock valued at $225,000 after acquiring an additional 1,337 shares in the last quarter. Institutional investors own 80.81% 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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