Equities research analysts predict that Restaurant Brands International (NYSE:QSR) (TSE:QSR) will report sales of $1.11 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Restaurant Brands International’s earnings, with the lowest sales estimate coming in at $1.09 billion and the highest estimate coming in at $1.14 billion. Restaurant Brands International reported sales of $1.00 billion in the same quarter last year, which would suggest a positive year over year growth rate of 11%. The company is expected to issue its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Restaurant Brands International will report full year sales of $4.87 billion for the current year, with estimates ranging from $4.76 billion to $4.94 billion. For the next financial year, analysts forecast that the firm will report sales of $5.12 billion per share, with estimates ranging from $4.98 billion to $5.27 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.66 earnings per share (EPS) 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 analysts’ expectations of $1.25 billion. Restaurant Brands International had a net margin of 12.70% and a return on equity of 24.56%. Restaurant Brands International’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share.
A number of research firms have weighed in on QSR. ValuEngine lowered shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a research report on Friday. Mizuho began coverage on shares of Restaurant Brands International in a research report on Thursday, March 15th. They set a “buy” rating and a $65.00 target price for the company. Morgan Stanley raised shares of Restaurant Brands International from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 26th. BMO Capital Markets reissued a “hold” rating on shares of Restaurant Brands International in a research report on Tuesday, February 13th. Finally, TheStreet raised shares of Restaurant Brands International from a “c+” rating to a “b” rating in a research report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Restaurant Brands International presently has a consensus rating of “Buy” and an average target price of $70.06.
Restaurant Brands International stock opened at $54.70 on Friday. The firm has a market cap of $13,433.55, a price-to-earnings ratio of 26.10, a PEG ratio of 1.41 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 fifty-two week low of $54.00 and a fifty-two week 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 given a dividend of $0.45 per share. The ex-dividend date was Wednesday, March 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.21. Restaurant Brands International’s dividend payout ratio is currently 85.71%.
In other news, insider Heitor Goncalves sold 19,107 shares of the company’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 completion of the transaction, the insider now owns 426,818 shares of the company’s stock, valued at $24,580,448.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ali Hedayat purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average cost of $58.00 per share, with a total value of $290,000.00. Following the transaction, the director now directly owns 37,592 shares of the company’s stock, valued at $2,180,336. The disclosure for this purchase can be found here. Insiders have sold 471,676 shares of company stock valued at $27,885,174 in the last ninety days. 3.05% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of QSR. Bank of New York Mellon Corp raised its position 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 worth $19,350,000 after purchasing an additional 4,963 shares in the last quarter. Wells Fargo & Company MN raised its position 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 worth $20,864,000 after purchasing an additional 74,074 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 worth $859,000 after purchasing an additional 1,599 shares in the last quarter. Allianz Asset Management GmbH raised its position 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 worth $5,879,000 after purchasing an additional 41,096 shares in the last quarter. Finally, AMP Capital Investors Ltd raised its position 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 worth $5,398,000 after purchasing an additional 1,300 shares in the last quarter. 78.11% of the stock is owned by hedge funds and other institutional investors.
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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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