Equities Analysts Offer Predictions for Restaurant Brands International Inc’s Q4 2017 Earnings (QSR)

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – Research analysts at Oppenheimer cut their Q4 2017 EPS estimates for shares of Restaurant Brands International in a note issued to investors on Thursday. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings of $0.58 per share for the quarter, down from their prior forecast of $0.59. Oppenheimer has a “Outperform” rating and a $75.00 price objective on the stock. Oppenheimer also issued estimates for Restaurant Brands International’s Q1 2018 earnings at $0.59 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $2.87 EPS and FY2019 earnings at $3.17 EPS.

Several other equities analysts also recently weighed in on QSR. Credit Suisse Group raised Restaurant Brands International from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $60.00 to $74.00 in a research report on Thursday, September 7th. Royal Bank of Canada reissued a “buy” rating and set a $69.00 price target on shares of Restaurant Brands International in a research report on Monday, September 11th. Zacks Investment Research raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday, September 12th. UBS Group set a $74.00 price target on Restaurant Brands International and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, OTR Global raised Restaurant Brands International to a “positive” rating in a research report on Monday, October 16th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $69.82.

Restaurant Brands International (NYSE:QSR) opened at $63.86 on Friday. The company has a current ratio of 3.45, a quick ratio of 3.38 and a debt-to-equity ratio of 2.70. The firm has a market capitalization of $15,120.00, a price-to-earnings ratio of 44.35, a price-to-earnings-growth ratio of 1.40 and a beta of 1.68. Restaurant Brands International has a 1 year low of $47.60 and a 1 year high of $68.89.

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

Institutional investors have recently modified their holdings of the stock. Krilogy Financial LLC boosted its holdings in Restaurant Brands International by 2,938.5% in the third quarter. Krilogy Financial LLC now owns 1,975 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 1,910 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in 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 valued at $135,000 after acquiring an additional 200 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in Restaurant Brands International by 9.0% in the second quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock valued at $197,000 after acquiring an additional 261 shares during the last quarter. Enterprise Financial Services Corp boosted its holdings in Restaurant Brands International by 16,250.0% in the third quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock valued at $209,000 after acquiring an additional 3,250 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Restaurant Brands International by 82.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,446 shares of the restaurant operator’s stock valued at $280,000 after acquiring an additional 1,560 shares during the last quarter. Hedge funds and other institutional investors own 78.35% of the company’s stock.

In related news, Director Marc Caira sold 49,804 shares of Restaurant Brands International stock in a transaction on Monday, November 20th. The stock was sold at an average price of $65.62, for a total value of $3,268,138.48. Following the transaction, the director now owns 124,643 shares in the company, valued at $8,179,073.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ali Hedayat bought 5,000 shares of Restaurant Brands International stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average price of $64.58 per share, for a total transaction of $322,900.00. Following the acquisition, the director now directly owns 30,966 shares of the company’s stock, valued at approximately $1,999,784.28. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 5,056,166 shares of company stock valued at $327,220,722. Company insiders own 3.05% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s payout ratio is currently 58.33%.

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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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