Restaurant Brands International (TSE:QSR) (NYSE:QSR) – Research analysts at Piper Jaffray decreased their Q3 2019 EPS estimates for Restaurant Brands International in a research note issued on Tuesday, April 24th. Piper Jaffray analyst N. Regan now anticipates that the company will post earnings per share of $0.97 for the quarter, down from their previous estimate of $0.98. Piper Jaffray also issued estimates for Restaurant Brands International’s Q1 2020 earnings at $0.91 EPS and FY2020 earnings at $4.17 EPS.
Other research analysts have also issued reports about the company. Cowen cut their price objective on Restaurant Brands International from C$72.00 to C$69.00 in a report on Tuesday, February 13th. BMO Capital Markets cut their price objective on Restaurant Brands International from C$72.00 to C$70.00 in a report on Tuesday, February 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$74.67.
Shares of QSR stock opened at C$69.14 on Thursday. Restaurant Brands International has a fifty-two week low of C$67.55 and a fifty-two week high of C$88.36.
Restaurant Brands International (TSE:QSR) (NYSE:QSR) last announced its earnings results on Monday, February 12th. The company reported C$0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of C$1.57 billion for the quarter, compared to analyst estimates of C$1.59 billion.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Tuesday, May 15th will be issued a $0.58 dividend. The ex-dividend date is Monday, May 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.36%.
In other news, Director Ali Hedayat acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were acquired at an average cost of C$72.86 per share, with a total value of C$364,300.00. Also, insider Heitor Goncalves sold 53,249 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$59.04, for a total value of C$3,143,820.96. Insiders sold 148,788 shares of company stock worth $8,773,280 over the last three months.
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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