Brokerages predict that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will post sales of $1.46 billion for the current quarter, Zacks reports. Eight analysts have provided estimates for Restaurant Brands International’s earnings, with the highest sales estimate coming in at $1.49 billion and the lowest estimate coming in at $1.45 billion. Restaurant Brands International posted sales of $1.38 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.8%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, October 28th.
According to Zacks, analysts expect that Restaurant Brands International will report full-year sales of $5.60 billion for the current year, with estimates ranging from $5.56 billion to $5.64 billion. For the next year, analysts forecast that the firm will post sales of $5.90 billion, with estimates ranging from $5.82 billion to $6.00 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Friday, August 2nd. The restaurant operator reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. Restaurant Brands International had a net margin of 10.57% and a return on equity of 30.53%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis.
Shares of QSR stock traded down $0.50 during mid-day trading on Thursday, reaching $68.45. 3,037,258 shares of the company’s stock traded hands, compared to its average volume of 1,520,864. Restaurant Brands International has a 12 month low of $50.20 and a 12 month high of $79.46. The company has a market cap of $17.66 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.69 and a beta of 1.22. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 3.30. The company’s 50-day moving average price is $71.44 and its 200-day moving average price is $70.62.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, September 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, September 16th. Restaurant Brands International’s payout ratio is currently 76.05%.
In other news, COO Joshua Kobza sold 203,198 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $76.71, for a total transaction of $15,587,318.58. Following the completion of the sale, the chief operating officer now owns 148,694 shares of the company’s stock, valued at approximately $11,406,316.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg sold 488,024 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $77.20, for a total transaction of $37,675,452.80. Following the sale, the director now directly owns 58,005 shares of the company’s stock, valued at approximately $4,477,986. The disclosure for this sale can be found here. Insiders have sold a total of 840,294 shares of company stock valued at $64,840,016 in the last ninety days. Insiders own 4.13% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. Athanor Capital LP bought a new position in shares of Restaurant Brands International during the 2nd quarter valued at approximately $243,000. Aperio Group LLC grew its stake in shares of Restaurant Brands International by 16.7% during the 2nd quarter. Aperio Group LLC now owns 98,127 shares of the restaurant operator’s stock valued at $6,824,000 after acquiring an additional 14,060 shares during the period. Bessemer Group Inc. grew its stake in shares of Restaurant Brands International by 1.3% during the 2nd quarter. Bessemer Group Inc. now owns 1,768,249 shares of the restaurant operator’s stock valued at $122,963,000 after acquiring an additional 22,101 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Restaurant Brands International by 31.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 19,674 shares of the restaurant operator’s stock valued at $1,369,000 after acquiring an additional 4,668 shares during the period. Finally, Boston Advisors LLC grew its stake in shares of Restaurant Brands International by 6.5% during the 2nd quarter. Boston Advisors LLC now owns 15,700 shares of the restaurant operator’s stock valued at $1,092,000 after acquiring an additional 960 shares during the period. 77.71% of the stock is owned by hedge funds and other institutional investors.
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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