$1.27 Billion in Sales Expected for Restaurant Brands International Inc (QSR) This Quarter

Analysts expect Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) to announce sales of $1.27 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Restaurant Brands International’s earnings. Restaurant Brands International posted sales of $1.11 billion in the same quarter last year, which suggests a positive year over year growth rate of 14.4%. The business is scheduled to issue its next quarterly earnings report on Monday, February 12th.

On average, analysts expect that Restaurant Brands International will report full year sales of $1.27 billion for the current financial year, with estimates ranging from $4.57 billion to $4.61 billion. For the next year, analysts forecast that the firm will post sales of $4.98 billion per share, with estimates ranging from $4.97 billion to $4.99 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Restaurant Brands International.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. Restaurant Brands International had a return on equity of 23.53% and a net margin of 12.40%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company earned $0.43 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis.

QSR has been the subject of a number of recent research reports. Royal Bank of Canada raised their target price on Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Tuesday, September 12th. Credit Suisse Group raised Restaurant Brands International from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $60.00 to $74.00 in a research note on Thursday, September 7th. Oppenheimer raised their target price on Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Finally, Wells Fargo & Co raised their price objective on Restaurant Brands International from $60.00 to $68.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $69.82.

Shares of Restaurant Brands International (QSR) traded up $0.96 on Wednesday, hitting $62.44. The company’s stock had a trading volume of 1,520,400 shares, compared to its average volume of 1,422,750. Restaurant Brands International has a twelve month low of $46.88 and a twelve month high of $68.89. The firm has a market cap of $14,603.50, a P/E ratio of 43.06, a PEG ratio of 1.35 and a beta of 1.69. The company has a quick ratio of 3.38, a current ratio of 3.45 and a debt-to-equity ratio of 2.70.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 14th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 57.93%.

In related news, CEO Daniel S. Schwartz sold 708,582 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $64.49, for a total transaction of $45,696,453.18. Following the completion of the transaction, the chief executive officer now directly owns 886,272 shares in the company, valued at approximately $57,155,681.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jose E. Cil sold 70,146 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $66.01, for a total value of $4,630,337.46. Following the transaction, the executive vice president now owns 343,496 shares of the company’s stock, valued at $22,674,170.96. The disclosure for this sale can be found here. Insiders have sold a total of 5,056,166 shares of company stock valued at $327,220,722 over the last 90 days. 3.05% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in Restaurant Brands International by 0.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,840,422 shares of the restaurant operator’s stock valued at $115,100,000 after acquiring an additional 10,625 shares during the period. Stevens Capital Management LP purchased a new position in shares of Restaurant Brands International in the 3rd quarter valued at about $1,003,000. Tower Research Capital LLC TRC boosted its stake in shares of Restaurant Brands International by 82.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,446 shares of the restaurant operator’s stock valued at $280,000 after buying an additional 1,560 shares during the period. Highstreet Asset Management Inc. boosted its stake in shares of Restaurant Brands International by 40.0% in the 3rd quarter. Highstreet Asset Management Inc. now owns 52,563 shares of the restaurant operator’s stock valued at $3,358,000 after buying an additional 15,012 shares during the period. Finally, Newbrook Capital Advisors LP boosted its stake in shares of Restaurant Brands International by 14.8% in the 2nd quarter. Newbrook Capital Advisors LP now owns 1,044,604 shares of the restaurant operator’s stock valued at $65,375,000 after buying an additional 134,538 shares during the period. Institutional investors own 78.35% of the company’s stock.

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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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