Brokerages Anticipate Restaurant Brands International Inc (NYSE:QSR) to Post $0.72 EPS

Equities research analysts expect Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) to post earnings per share (EPS) of $0.72 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Restaurant Brands International’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.74. Restaurant Brands International reported earnings per share of $0.63 in the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The firm is expected to announce its next earnings results before the market opens on Monday, October 28th.

On average, analysts expect that Restaurant Brands International will report full-year earnings of $2.70 per share for the current financial year, with EPS estimates ranging from $2.62 to $2.75. For the next year, analysts expect that the firm will post earnings of $2.98 per share, with EPS estimates ranging from $2.82 to $3.10. Zacks’ EPS averages are a mean average based on a survey of research firms that cover 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 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business posted $0.66 earnings per share. Restaurant Brands International’s revenue for the quarter was up 4.2% on a year-over-year basis.

QSR has been the topic of several research reports. Longbow Research raised shares of Restaurant Brands International from an “underperform” rating to a “neutral” rating in a research note on Monday, September 30th. SunTrust Banks lifted their price target on shares of Restaurant Brands International to $86.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets lifted their price target on shares of Restaurant Brands International from $76.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank reissued a “hold” rating and set a $73.00 price target on shares of Restaurant Brands International in a research note on Wednesday. Finally, UBS Group reissued a “buy” rating and set a $79.00 price target (up from $74.00) on shares of Restaurant Brands International in a research note on Friday, July 12th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Restaurant Brands International has an average rating of “Buy” and an average target price of $78.53.

Shares of QSR stock traded down $0.50 during trading hours on Tuesday, hitting $68.45. 3,037,258 shares of the company’s stock were exchanged, compared to its average volume of 1,520,864. The company has a market capitalization of $17.66 billion, a PE ratio of 26.03, a PEG ratio of 2.69 and a beta of 1.22. Restaurant Brands International has a 12-month low of $50.20 and a 12-month high of $79.46. The business’s 50 day simple moving average is $71.44 and its 200-day simple moving average is $70.62. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 3.30.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, September 17th were paid a $0.50 dividend. 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 76.05%.

In related news, Director Paul J. Fribourg sold 488,024 shares of Restaurant Brands International stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $77.20, for a total value of $37,675,452.80. Following the transaction, the director now directly owns 58,005 shares of the company’s stock, valued at $4,477,986. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joshua Kobza sold 203,198 shares of Restaurant Brands International stock in a transaction on Monday, August 26th. The stock was sold at an average price of $76.71, for a total transaction of $15,587,318.58. Following the completion of the transaction, the chief operating officer now directly owns 148,694 shares in the company, valued at $11,406,316.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 840,294 shares of company stock worth $64,840,016. 4.13% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Coastal Capital Group Inc. purchased a new position in Restaurant Brands International during the 2nd quarter valued at $28,000. Coastal Investment Advisors Inc. purchased a new position in Restaurant Brands International during the 2nd quarter valued at $31,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Restaurant Brands International during the 2nd quarter valued at $36,000. Contravisory Investment Management Inc. purchased a new position in Restaurant Brands International during the 3rd quarter valued at $53,000. Finally, Valeo Financial Advisors LLC increased its position in Restaurant Brands International by 185.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 770 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 500 shares during the period. 77.71% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

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

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