Brokerages forecast that Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) will announce sales of $1.21 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Restaurant Brands International’s earnings, with estimates ranging from $1.19 billion to $1.23 billion. Restaurant Brands International reported sales of $1.08 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 12%. The firm is scheduled to announce its next quarterly earnings report on Monday, October 23rd.

According to Zacks, analysts expect that Restaurant Brands International will report full year sales of $1.21 billion for the current financial year, with estimates ranging from $4.56 billion to $4.66 billion. For the next fiscal year, analysts forecast that the company will post sales of $5.01 billion per share, with estimates ranging from $4.90 billion to $5.17 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Restaurant Brands International.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS.

Several analysts have recently commented on QSR shares. BMO Capital Markets increased their price target on shares of Restaurant Brands International from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. UBS AG upgraded shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 14th. BidaskClub upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Oppenheimer Holdings, Inc. upgraded shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Wednesday, June 14th. Finally, Nomura started coverage on shares of Restaurant Brands International in a research report on Wednesday, July 12th. They issued a “buy” rating and a $73.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $63.63.

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Restaurant Brands International (NYSE:QSR) opened at 62.16 on Tuesday. Restaurant Brands International has a one year low of $42.35 and a one year high of $62.94. The stock’s 50 day moving average price is $61.24 and its 200 day moving average price is $56.95. The firm has a market capitalization of $14.69 billion, a PE ratio of 43.50 and a beta of 1.77.

Restaurant Brands International announced that its Board of Directors has initiated a share buyback program on Wednesday, August 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.29%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.19. Restaurant Brands International’s dividend payout ratio (DPR) is 52.78%.

In other news, Director Ali Hedayat bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average price of $61.32 per share, for a total transaction of $306,600.00. Following the completion of the transaction, the director now owns 25,966 shares in the company, valued at $1,592,235.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jose E. Cil sold 1,760 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $59.75, for a total transaction of $105,160.00. Following the sale, the executive vice president now owns 22,855 shares in the company, valued at approximately $1,365,586.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 250,000 shares of company stock worth $14,849,219. 4.20% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in QSR. Zweig DiMenna Associates LLC raised its stake in shares of Restaurant Brands International by 52.2% in the second quarter. Zweig DiMenna Associates LLC now owns 17,856 shares of the restaurant operator’s stock worth $1,117,000 after buying an additional 6,125 shares during the period. Aviva PLC raised its position in shares of Restaurant Brands International by 1.6% in the second quarter. Aviva PLC now owns 141,762 shares of the restaurant operator’s stock worth $8,858,000 after buying an additional 2,270 shares during the period. Marshall Wace North America L.P. raised its position in shares of Restaurant Brands International by 425.5% in the second quarter. Marshall Wace North America L.P. now owns 130,316 shares of the restaurant operator’s stock worth $8,210,000 after buying an additional 105,518 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Restaurant Brands International by 10.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock worth $135,000 after buying an additional 200 shares during the period. Finally, Highstreet Asset Management Inc. raised its position in shares of Restaurant Brands International by 9.5% in the second quarter. Highstreet Asset Management Inc. now owns 37,551 shares of the restaurant operator’s stock worth $2,351,000 after buying an additional 3,254 shares during the period. Hedge funds and other institutional investors own 75.54% of the company’s stock.

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

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