Equities analysts expect Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) to report $1.14 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Restaurant Brands International’s earnings. Restaurant Brands International posted sales of $1.04 billion in the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 3rd.

According to Zacks, analysts expect that Restaurant Brands International will report full year sales of $1.14 billion for the current fiscal year, with estimates ranging from $4.54 billion to $4.56 billion. For the next fiscal year, analysts expect that the business will report sales of $4.91 billion per share, with estimates ranging from $4.9 billion to $4.91 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Restaurant Brands International.

Restaurant Brands International (NYSE:QSR) last posted its quarterly earnings data on Wednesday, April 26th. The restaurant operator reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $989.16 million. Restaurant Brands International had a net margin of 13.22% and a return on equity of 21.52%. Restaurant Brands International’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 19th. Scotiabank reiterated an “outperform” rating and issued a $65.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, April 25th. Stephens reiterated an “overweight” rating and issued a $58.00 price objective on shares of Restaurant Brands International in a research report on Wednesday, February 22nd. Royal Bank of Canada lifted their price objective on shares of Restaurant Brands International from $59.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Finally, Cowen and Company lifted their price objective on shares of Restaurant Brands International from $52.00 to $54.00 and gave the company a “market perform” rating in a research report on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Restaurant Brands International currently has an average rating of “Buy” and an average price target of $55.18.

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In related news, Director Damme Alexandre Van sold 141,105 shares of Restaurant Brands International stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $54.29, for a total value of $7,660,590.45. Following the sale, the director now directly owns 160,587 shares in the company, valued at approximately $8,718,268.23. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in QSR. CIBC World Markets Inc. boosted its position in Restaurant Brands International by 4.8% in the third quarter. CIBC World Markets Inc. now owns 3,238,010 shares of the restaurant operator’s stock valued at $144,350,000 after buying an additional 148,482 shares during the last quarter. Aviva PLC boosted its position in Restaurant Brands International by 5.9% in the fourth quarter. Aviva PLC now owns 147,017 shares of the restaurant operator’s stock valued at $6,990,000 after buying an additional 8,127 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Restaurant Brands International during the fourth quarter valued at approximately $5,781,000. Allianz Asset Management AG boosted its position in Restaurant Brands International by 133.0% in the fourth quarter. Allianz Asset Management AG now owns 29,757 shares of the restaurant operator’s stock valued at $1,419,000 after buying an additional 16,986 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in Restaurant Brands International by 3.7% in the first quarter. Gulf International Bank UK Ltd now owns 68,702 shares of the restaurant operator’s stock valued at $3,821,000 after buying an additional 2,450 shares during the last quarter. 72.78% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International (NYSE:QSR) traded up 0.77% on Friday, reaching $61.42. 725,897 shares of the company’s stock were exchanged. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 42.56 and a beta of 1.75. The stock’s 50 day moving average price is $58.03 and its 200 day moving average price is $52.56. Restaurant Brands International has a 1-year low of $39.28 and a 1-year high of $61.68.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Monday, May 15th will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.24%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 46.90%.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

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