Analysts Anticipate Restaurant Brands International Inc (QSR) Will Post Quarterly Sales of $1.26 Billion

Brokerages expect Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) to report $1.26 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Restaurant Brands International’s earnings. The lowest sales estimate is $1.25 billion and the highest is $1.27 billion. Restaurant Brands International posted sales of $1.11 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The firm is scheduled to report its next quarterly earnings results on Monday, February 12th.

On average, analysts expect that Restaurant Brands International will report full year sales of $1.26 billion for the current fiscal year, with estimates ranging from $4.57 billion to $4.61 billion. For the next financial year, analysts anticipate that the business will report sales of $4.98 billion per share, with estimates ranging from $4.97 billion to $4.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Restaurant Brands International.

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

A number of research firms have recently issued reports on QSR. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Friday, January 5th. UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the company a “buy” rating in a research report on Tuesday. OTR Global upgraded shares of Restaurant Brands International to a “positive” rating in a research report on Monday, October 16th. Citigroup lifted their price objective on shares of Restaurant Brands International from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Wells Fargo & Co lifted their price objective on shares of Restaurant Brands International from $60.00 to $68.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Restaurant Brands International has a consensus rating of “Buy” and an average price target of $70.00.

Restaurant Brands International (QSR) traded down $0.53 during trading on Friday, hitting $61.58. 1,449,369 shares of the stock were exchanged, compared to its average volume of 1,233,109. The company has a debt-to-equity ratio of 2.70, a quick ratio of 3.38 and a current ratio of 3.45. Restaurant Brands International has a one year low of $47.75 and a one year high of $68.89. The company has a market cap of $14,753.15, a P/E ratio of 42.47, a P/E/G ratio of 1.42 and a beta of 1.69.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.36%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, December 14th. Restaurant Brands International’s payout ratio is 57.93%.

In other news, Director Marc Caira sold 49,804 shares of Restaurant Brands International stock in a transaction that occurred on Monday, November 20th. The shares were 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 of the company’s stock, valued at approximately $8,179,073.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $64.70, for a total transaction of $262,073,431.80. The disclosure for this sale can be found here. Insiders have sold a total of 5,056,166 shares of company stock worth $327,220,722 over the last 90 days. 3.05% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its stake in shares of Restaurant Brands International by 10.9% in the 2nd quarter. FMR LLC now owns 15,492,590 shares of the restaurant operator’s stock worth $969,362,000 after purchasing an additional 1,528,447 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Restaurant Brands International by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 8,547,152 shares of the restaurant operator’s stock worth $545,992,000 after purchasing an additional 101,543 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Restaurant Brands International by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,987,402 shares of the restaurant operator’s stock worth $311,912,000 after purchasing an additional 268,220 shares during the last quarter. Suvretta Capital Management LLC grew its stake in shares of Restaurant Brands International by 12.1% in the 3rd quarter. Suvretta Capital Management LLC now owns 3,861,310 shares of the restaurant operator’s stock worth $246,660,000 after purchasing an additional 415,540 shares during the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of Restaurant Brands International by 6.3% in the 3rd quarter. TD Asset Management Inc. now owns 3,535,175 shares of the restaurant operator’s stock worth $225,342,000 after purchasing an additional 208,443 shares during the last quarter. 78.35% of the stock is currently owned by institutional investors.

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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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