Equities research analysts expect Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) to post sales of $1.13 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Restaurant Brands International’s earnings. The lowest sales estimate is $1.13 billion and the highest is $1.14 billion. Restaurant Brands International reported sales of $1.00 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 13%. The firm is expected to issue its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Restaurant Brands International will report full year sales of $1.13 billion for the current financial year, with estimates ranging from $4.83 billion to $4.94 billion. For the next year, analysts expect that the company will post sales of $5.13 billion per share, with estimates ranging from $5.11 billion to $5.17 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Monday, February 12th. The restaurant operator reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Restaurant Brands International had a net margin of 12.70% and a return on equity of 24.56%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share.
Shares of Restaurant Brands International (NYSE QSR) traded up $1.13 during midday trading on Friday, hitting $58.10. 1,503,051 shares of the stock were exchanged, compared to its average volume of 1,935,848. The firm has a market capitalization of $14,423.93, a PE ratio of 22.82, a P/E/G ratio of 1.49 and a beta of 1.48. Restaurant Brands International has a 52-week low of $53.54 and a 52-week high of $68.89. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.06 and a quick ratio of 1.01.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, March 14th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.21. This represents a $1.80 annualized dividend and a yield of 3.10%. Restaurant Brands International’s payout ratio is 33.07%.
In related news, insider Heitor Goncalves sold 19,107 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $57.59, for a total transaction of $1,100,372.13. Following the transaction, the insider now directly owns 426,818 shares in the company, valued at $24,580,448.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ali Hedayat purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average price of $58.00 per share, for a total transaction of $290,000.00. Following the completion of the acquisition, the director now owns 37,592 shares of the company’s stock, valued at approximately $2,180,336. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 471,676 shares of company stock worth $27,885,174. 3.05% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP bought a new stake in Restaurant Brands International in the third quarter worth about $1,003,000. Suvretta Capital Management LLC raised its position in Restaurant Brands International by 12.1% in the third quarter. Suvretta Capital Management LLC now owns 3,861,310 shares of the restaurant operator’s stock worth $246,660,000 after acquiring an additional 415,540 shares during the period. Engineers Gate Manager LP bought a new stake in Restaurant Brands International in the fourth quarter worth about $2,010,000. Bessemer Group Inc. raised its position in Restaurant Brands International by 1.2% in the fourth quarter. Bessemer Group Inc. now owns 1,621,171 shares of the restaurant operator’s stock worth $99,670,000 after acquiring an additional 19,977 shares during the period. Finally, TD Asset Management Inc. raised its position in Restaurant Brands International by 6.3% in the third quarter. TD Asset Management Inc. now owns 3,535,175 shares of the restaurant operator’s stock worth $225,342,000 after acquiring an additional 208,443 shares during the period. Institutional investors and hedge funds own 78.30% of the company’s stock.
About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 23,000 restaurants in more than 100 countries and the United States territories, as of September 30, 2017. It operates through three segments: Tim Hortons (TH), Burger King (BK) and Popeyes Louisiana Kitchen (PLK).
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