Restaurant Brands International Inc Forecasted to Earn FY2018 Earnings of $2.63 Per Share (QSR)

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – Research analysts at SunTrust Banks issued their FY2018 EPS estimates for shares of Restaurant Brands International in a research report issued to clients and investors on Tuesday, January 8th. SunTrust Banks analyst J. Bartlett expects that the restaurant operator will earn $2.63 per share for the year. SunTrust Banks has a “Buy” rating and a $70.00 price target on the stock. SunTrust Banks also issued estimates for Restaurant Brands International’s Q4 2018 earnings at $0.68 EPS, Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.72 EPS, Q4 2019 earnings at $0.76 EPS, FY2019 earnings at $2.78 EPS, Q1 2020 earnings at $0.64 EPS, Q2 2020 earnings at $0.77 EPS, Q3 2020 earnings at $0.80 EPS, Q4 2020 earnings at $0.83 EPS and FY2020 earnings at $3.04 EPS.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, October 24th. The restaurant operator reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Restaurant Brands International had a net margin of 12.76% and a return on equity of 28.42%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up 13.8% on a year-over-year basis.

QSR has been the subject of a number of other reports. ValuEngine raised Restaurant Brands International from a “sell” rating to a “hold” rating in a report on Friday, September 21st. UBS Group set a $74.00 price objective on Restaurant Brands International and gave the stock a “buy” rating in a report on Thursday, September 20th. Wells Fargo & Co decreased their price objective on Restaurant Brands International from $69.00 to $63.00 and set a “market perform” rating for the company in a report on Tuesday, October 16th. Zacks Investment Research lowered Restaurant Brands International from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Finally, KeyCorp assumed coverage on Restaurant Brands International in a report on Wednesday, October 3rd. They set an “overweight” rating and a $68.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.25.

Shares of Restaurant Brands International stock opened at $56.53 on Friday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.34 and a quick ratio of 1.27. The stock has a market capitalization of $13.77 billion, a P/E ratio of 26.92, a PEG ratio of 1.50 and a beta of 1.32. Restaurant Brands International has a one year low of $50.20 and a one year high of $65.17.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 4th. Stockholders of record on Monday, December 17th were paid a $0.45 dividend. The ex-dividend date was Friday, December 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.18%. Restaurant Brands International’s payout ratio is presently 85.71%.

Several hedge funds and other institutional investors have recently made changes to their positions in QSR. Bank of New York Mellon Corp boosted its stake in shares of Restaurant Brands International by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 304,385 shares of the restaurant operator’s stock worth $18,354,000 after buying an additional 6,298 shares during the last quarter. SG Americas Securities LLC purchased a new position in Restaurant Brands International in the second quarter valued at approximately $162,000. Janus Henderson Group PLC lifted its stake in Restaurant Brands International by 4.8% in the second quarter. Janus Henderson Group PLC now owns 67,969 shares of the restaurant operator’s stock valued at $4,110,000 after purchasing an additional 3,096 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Restaurant Brands International by 63.1% in the second quarter. PNC Financial Services Group Inc. now owns 8,556 shares of the restaurant operator’s stock valued at $516,000 after purchasing an additional 3,310 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new position in Restaurant Brands International in the second quarter valued at approximately $404,000. Hedge funds and other institutional investors own 80.67% of the company’s stock.

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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Earnings History and Estimates for Restaurant Brands International (NYSE:QSR)

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