Restaurant Brands International (TSE:QSR) (NYSE:QSR) will release its earnings data before the market opens on Tuesday, April 24th. Analysts expect Restaurant Brands International to post earnings of C$0.71 per share for the quarter.
Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings results on Monday, February 12th. The company reported C$0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.72 by C$0.12. Restaurant Brands International had a return on equity of 72.64% and a net margin of 46.86%. The business had revenue of C$1.57 billion during the quarter, compared to the consensus estimate of C$1.59 billion.
Shares of TSE QSR opened at C$67.91 on Wednesday. Restaurant Brands International has a twelve month low of C$67.76 and a twelve month high of C$88.36.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were issued a $0.554 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.26%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 14th.
In related news, insider Alexandre Macedo sold 32,773 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of C$59.42, for a total transaction of C$1,947,371.66. Also, insider Heitor Goncalves sold 19,107 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of C$57.59, for a total value of C$1,100,372.13. Insiders have sold a total of 148,788 shares of company stock valued at $8,773,280 in the last 90 days.
A number of equities research analysts have recently weighed in on QSR shares. BMO Capital Markets lowered their price target on Restaurant Brands International from C$72.00 to C$70.00 in a report on Tuesday, February 13th. Cowen lowered their price target on Restaurant Brands International from C$72.00 to C$69.00 in a report on Tuesday, February 13th. Six investment analysts have rated the stock with a buy rating, Restaurant Brands International currently has an average rating of “Buy” and a consensus price target of C$81.00.
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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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