Restaurant Brands International (TSE:QSR) (NYSE:QSR) – Equities researchers at Piper Jaffray reduced their Q2 2018 earnings per share (EPS) estimates for Restaurant Brands International in a note issued to investors on Sunday, April 22nd. Piper Jaffray analyst N. Regan now forecasts that the company will post earnings of $0.86 per share for the quarter, down from their previous estimate of $0.88. Piper Jaffray also issued estimates for Restaurant Brands International’s Q3 2018 earnings at $0.91 EPS, Q4 2018 earnings at $0.97 EPS, Q1 2019 earnings at $0.81 EPS, Q2 2019 earnings at $0.92 EPS, Q4 2019 earnings at $1.09 EPS, FY2019 earnings at $3.78 EPS, Q1 2020 earnings at $0.93 EPS and FY2020 earnings at $4.36 EPS.
Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings results on Monday, February 12th. The company reported C$0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.72 by C$0.12. The business had revenue of C$1.57 billion during the quarter, compared to the consensus estimate of C$1.59 billion. Restaurant Brands International had a net margin of 46.86% and a return on equity of 72.64%.
A number of other equities analysts also recently commented on QSR. Cowen lowered their target price on shares of Restaurant Brands International from C$72.00 to C$69.00 in a research note on Tuesday, February 13th. BMO Capital Markets lowered their target price on shares of Restaurant Brands International from C$72.00 to C$70.00 in a research note on Tuesday, February 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$78.00.
TSE:QSR opened at C$69.06 on Tuesday. Restaurant Brands International has a 52 week low of C$67.55 and a 52 week high of C$88.36.
In related news, insider Heitor Goncalves sold 19,107 shares of the business’s stock in a transaction 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. Also, insider Alexandre Macedo sold 32,773 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of C$59.42, for a total transaction of C$1,947,371.66. In the last quarter, insiders have sold 148,788 shares of company stock valued at $8,773,280.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were paid a dividend of $0.554 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.21%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.26.
WARNING: “Q2 2018 Earnings Forecast for Restaurant Brands International (QSR) Issued By Piper Jaffray” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/04/24/q2-2018-earnings-forecast-for-restaurant-brands-international-qsr-issued-by-piper-jaffray.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.
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.