Restaurant Brands International (NYSE:QSR) (TSE:QSR) will release its earnings data before the market opens on Wednesday, October 24th. Analysts expect Restaurant Brands International to post earnings of $0.65 per share for the quarter.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, August 1st. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. Restaurant Brands International had a net margin of 13.68% and a return on equity of 28.10%. The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. On average, analysts expect Restaurant Brands International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE QSR opened at $57.16 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.17 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 1.53 and a beta of 1.40. Restaurant Brands International has a 52-week low of $53.09 and a 52-week high of $68.89.
The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.80 annualized dividend and a yield of 3.15%. Restaurant Brands International’s dividend payout ratio is 85.71%.
QSR has been the topic of several recent research reports. Citigroup lifted their target price on shares of Restaurant Brands International from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Tuesday, June 26th. ValuEngine lowered shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Cowen upgraded shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $64.00 to $74.00 in a research report on Tuesday, July 17th. Finally, Mizuho reiterated a “buy” rating and set a $67.00 target price on shares of Restaurant Brands International in a research report on Friday, July 20th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.63.
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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