Restaurant Brands International (QSR) to Release Quarterly Earnings on Tuesday

Restaurant Brands International (NYSE:QSR) (TSE:QSR) is set to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. On average, analysts expect Restaurant Brands International to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Restaurant Brands International Stock Performance

NYSE QSR opened at $73.82 on Monday. The company has a 50-day simple moving average of $76.72 and a two-hundred day simple moving average of $74.35. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. Restaurant Brands International has a 12-month low of $61.77 and a 12-month high of $83.29. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.19 and a beta of 0.91.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.14%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date was Wednesday, March 20th. Restaurant Brands International’s dividend payout ratio is presently 61.54%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the sale, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the sale, the chief financial officer now owns 55,863 shares of the company’s stock, valued at approximately $4,260,112.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock valued at $28,828,182 over the last 90 days. Corporate insiders own 1.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Evercore ISI increased their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Piper Sandler dropped their target price on shares of Restaurant Brands International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Stephens reiterated an “equal weight” rating and set a $75.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, Oppenheimer increased their target price on shares of Restaurant Brands International from $83.00 to $89.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.25.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.