$0.75 EPS Expected for Restaurant Brands International Inc. (NYSE:QSR) This Quarter

Equities analysts predict that Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) will report $0.75 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Restaurant Brands International’s earnings. The lowest EPS estimate is $0.70 and the highest is $0.85. Restaurant Brands International posted earnings of $0.68 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The firm is expected to report its next earnings report on Tuesday, October 26th.

According to Zacks, analysts expect that Restaurant Brands International will report full-year earnings of $2.82 per share for the current year, with EPS estimates ranging from $2.70 to $3.03. For the next year, analysts forecast that the company will post earnings of $3.22 per share, with EPS estimates ranging from $2.91 to $3.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Restaurant Brands International.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, July 29th. The restaurant operator reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.16. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.37 billion. Restaurant Brands International had a net margin of 12.50% and a return on equity of 26.43%. The company’s revenue was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Restaurant Brands International from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday, June 28th. Oppenheimer raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, August 26th. TheStreet raised shares of Restaurant Brands International from a “c+” rating to a “b” rating in a research report on Friday, July 30th. KeyCorp boosted their target price on shares of Restaurant Brands International from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, August 2nd. Finally, Cowen boosted their target price on shares of Restaurant Brands International from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Monday, August 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Buy” and an average target price of $73.53.

In other news, insider Sami A. Siddiqui sold 10,290 shares of the business’s stock in a transaction that occurred on Thursday, June 17th. The stock was sold at an average price of $68.74, for a total transaction of $707,334.60. Following the transaction, the insider now directly owns 157,779 shares of the company’s stock, valued at $10,845,728.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ali Hedayat sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $64.44, for a total value of $644,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 85,290 shares of company stock worth $5,588,735 over the last 90 days. Company insiders own 1.88% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Pflug Koory LLC purchased a new position in Restaurant Brands International during the 2nd quarter worth $46,000. Allred Capital Management LLC acquired a new stake in Restaurant Brands International during the 1st quarter worth about $57,000. McIlrath & Eck LLC lifted its position in Restaurant Brands International by 102.8% during the 2nd quarter. McIlrath & Eck LLC now owns 998 shares of the restaurant operator’s stock worth $64,000 after acquiring an additional 506 shares during the period. IFP Advisors Inc lifted its position in Restaurant Brands International by 136.2% during the 1st quarter. IFP Advisors Inc now owns 1,214 shares of the restaurant operator’s stock worth $80,000 after acquiring an additional 700 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of Restaurant Brands International by 44.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,875 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 581 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Shares of QSR traded down $0.43 during midday trading on Tuesday, hitting $64.63. The company had a trading volume of 2,163,072 shares, compared to its average volume of 1,452,102. The company’s 50 day moving average price is $64.41 and its 200 day moving average price is $65.77. The stock has a market cap of $19.94 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.84 and a beta of 1.17. Restaurant Brands International has a 52 week low of $51.12 and a 52 week high of $71.12. The company has a quick ratio of 1.47, a current ratio of 1.53 and a debt-to-equity ratio of 2.98.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 5th. Investors of record on Tuesday, September 21st will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, September 20th. Restaurant Brands International’s payout ratio is presently 104.43%.

About Restaurant Brands International

Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.

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Earnings History and Estimates for Restaurant Brands International (NYSE:QSR)

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