$0.56 Earnings Per Share Expected for Restaurant Brands International (QSR) This Quarter

Equities analysts expect Restaurant Brands International (NYSE:QSR) (TSE:QSR) to report earnings of $0.56 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Restaurant Brands International’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.53. Restaurant Brands International reported earnings of $0.36 per share during the same quarter last year, which indicates a positive year over year growth rate of 55.6%. The firm is scheduled to report its next quarterly earnings results before the market opens on Tuesday, April 24th.

According to Zacks, analysts expect that Restaurant Brands International will report full-year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.54 to $2.76. For the next year, analysts expect that the firm will post earnings of $2.92 per share, with EPS estimates ranging from $2.77 to $3.02. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Restaurant Brands International.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Monday, February 12th. The restaurant operator reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.09. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates 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 revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS.

A number of research analysts have weighed in on QSR shares. Zacks Investment Research raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Tuesday, December 26th. ValuEngine lowered shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a research report on Friday, April 13th. Royal Bank of Canada boosted their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. BMO Capital Markets reissued a “hold” rating on shares of Restaurant Brands International in a research report on Tuesday, February 13th. Finally, Scotiabank reissued a “buy” rating and set a $70.00 target price on shares of Restaurant Brands International in a research report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $70.00.

Restaurant Brands International stock traded down $0.23 on Thursday, reaching $54.83. 1,680,346 shares of the stock were exchanged, compared to its average volume of 1,789,489. The firm has a market cap of $13,274.99, a price-to-earnings ratio of 26.07, a P/E/G ratio of 1.39 and a beta of 1.47. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.06 and a quick ratio of 1.01. Restaurant Brands International has a twelve month low of $53.57 and a twelve month high of $68.89.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were issued a dividend of $0.45 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 3.28%. Restaurant Brands International’s payout ratio is presently 85.71%.

In related news, insider Alexandre Macedo sold 51,870 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $59.31, for a total value of $3,076,409.70. Following the sale, the insider now owns 92,192 shares of the company’s stock, valued at $5,467,907.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ali Hedayat bought 5,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average cost of $58.00 per share, for a total transaction of $290,000.00. Following the purchase, the director now owns 37,592 shares of the company’s stock, valued at $2,180,336. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 471,676 shares of company stock worth $27,885,174. Insiders own 3.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of QSR. Bank of New York Mellon Corp increased its stake in Restaurant Brands International by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 302,910 shares of the restaurant operator’s stock valued at $19,350,000 after acquiring an additional 4,963 shares during the period. Wells Fargo & Company MN increased its stake in Restaurant Brands International by 29.3% in the third quarter. Wells Fargo & Company MN now owns 326,621 shares of the restaurant operator’s stock valued at $20,864,000 after acquiring an additional 74,074 shares during the period. Dimensional Fund Advisors LP increased its stake in Restaurant Brands International by 13.5% in the third quarter. Dimensional Fund Advisors LP now owns 13,449 shares of the restaurant operator’s stock valued at $859,000 after acquiring an additional 1,599 shares during the period. Allianz Asset Management GmbH increased its stake in Restaurant Brands International by 80.4% in the third quarter. Allianz Asset Management GmbH now owns 92,233 shares of the restaurant operator’s stock valued at $5,879,000 after acquiring an additional 41,096 shares during the period. Finally, AMP Capital Investors Ltd increased its stake in Restaurant Brands International by 1.6% in the third quarter. AMP Capital Investors Ltd now owns 84,699 shares of the restaurant operator’s stock valued at $5,398,000 after acquiring an additional 1,300 shares during the period. 78.11% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3371573/0-56-earnings-per-share-expected-for-restaurant-brands-international-qsr-this-quarter.html.

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.

Get a free copy of the Zacks research report on Restaurant Brands International (QSR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

$0.27 Earnings Per Share Expected for FNB Co.  This Quarter
$0.27 Earnings Per Share Expected for FNB Co. This Quarter
Bytom  Price Down 12.2% Over Last 7 Days
Bytom Price Down 12.2% Over Last 7 Days
DigixDAO 24 Hour Trading Volume Tops $1.59 Million
DigixDAO 24 Hour Trading Volume Tops $1.59 Million
Viuly  Price Hits $0.0070 on Major Exchanges
Viuly Price Hits $0.0070 on Major Exchanges
Superior Energy Services, Inc.  Expected to Post Earnings of -$0.22 Per Share
Superior Energy Services, Inc. Expected to Post Earnings of -$0.22 Per Share
Brokerages Anticipate Finish Line, Inc.  Will Post Quarterly Sales of $422.09 Million
Brokerages Anticipate Finish Line, Inc. Will Post Quarterly Sales of $422.09 Million


© 2006-2018 Ticker Report. Google+.