Equities analysts expect Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) to report $1.26 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Restaurant Brands International’s earnings. The lowest sales estimate is $1.23 billion and the highest is $1.29 billion. Restaurant Brands International reported sales of $1.25 billion during the same quarter last year, which would suggest a positive year over year growth rate of 0.8%. The company is expected to report its next earnings report on Tuesday, April 23rd.
According to Zacks, analysts expect that Restaurant Brands International will report full-year sales of $5.55 billion for the current year, with estimates ranging from $5.50 billion to $5.68 billion. For the next fiscal year, analysts forecast that the business will report sales of $5.87 billion, with estimates ranging from $5.80 billion to $6.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Restaurant Brands International.
Get Restaurant Brands International alerts:Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Monday, February 11th. The restaurant operator reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Restaurant Brands International had a net margin of 12.76% and a return on equity of 28.42%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year.
A number of research firms have recently commented on QSR. Citigroup boosted their target price on shares of Restaurant Brands International from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research cut shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. KeyCorp lifted their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday. SunTrust Banks began coverage on shares of Restaurant Brands International in a research note on Tuesday, January 8th. They issued a “buy” rating and a $70.00 price target for the company. Finally, Robert W. Baird restated a “buy” rating and issued a $66.00 price target on shares of Restaurant Brands International in a research note on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $69.87.
In related news, COO Joshua Kobza sold 113,577 shares of Restaurant Brands International stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $64.41, for a total value of $7,315,494.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.78% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Proficio Capital Partners LLC increased its stake in Restaurant Brands International by 36.8% during the fourth quarter. Proficio Capital Partners LLC now owns 621 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 167 shares during the last quarter. Enlightenment Research LLC bought a new stake in Restaurant Brands International during the fourth quarter valued at $42,000. San Francisco Sentry Investment Group CA increased its stake in Restaurant Brands International by 166.0% during 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 purchasing an additional 1,446 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Restaurant Brands International by 219.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,813 shares of the restaurant operator’s stock valued at $142,000 after purchasing an additional 1,933 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Restaurant Brands International by 52.0% during the third quarter. Riverhead Capital Management LLC now owns 3,508 shares of the restaurant operator’s stock valued at $207,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 81.09% of the company’s stock.
NYSE QSR opened at $63.83 on Friday. Restaurant Brands International has a 52 week low of $50.20 and a 52 week high of $65.59. 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 has a market cap of $16.21 billion, a PE ratio of 30.40, a PEG ratio of 1.85 and a beta of 1.44.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Friday, March 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.45. Restaurant Brands International’s payout ratio is 85.71%.
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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