Restaurant Brands International Inc (TSE:QSR) Expected to Post Q3 2020 Earnings of $0.78 Per Share

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Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) – Analysts at Piper Sandler decreased their Q3 2020 earnings per share (EPS) estimates for shares of Restaurant Brands International in a research report issued on Monday, June 29th. Piper Sandler analyst N. Regan now forecasts that the company will earn $0.78 per share for the quarter, down from their prior estimate of $0.79.

Shares of QSR stock opened at C$73.89 on Wednesday. The company has a market capitalization of $21.46 billion and a price-to-earnings ratio of 31.92. The company has a debt-to-equity ratio of 395.20, a quick ratio of 1.98 and a current ratio of 2.08. The company has a 50-day simple moving average of C$74.92 and a 200 day simple moving average of C$74.33. Restaurant Brands International has a 52 week low of C$36.48 and a 52 week high of C$105.93.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last announced its earnings results on Friday, May 1st. The company reported C$0.64 EPS for the quarter, missing the consensus estimate of C$0.69 by C($0.05). The company had revenue of C$1.64 billion for the quarter, compared to analyst estimates of C$1.73 billion.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th were issued a $0.731 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.92 dividend on an annualized basis and a yield of 3.96%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.52. Restaurant Brands International’s payout ratio is currently 87.26%.

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

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