Restaurant Brands International (QSR) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Restaurant Brands International (NYSE:QSR) (TSE:QSR) released its quarterly earnings data on Monday. The restaurant operator reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09, Morningstar.com reports. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. Restaurant Brands International’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS.

Restaurant Brands International (NYSE:QSR) opened at $59.00 on Monday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 3.38 and a current ratio of 3.45. The stock has a market cap of $13,422.97, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. Restaurant Brands International has a fifty-two week low of $51.79 and a fifty-two week high of $68.89.

In other Restaurant Brands International news, EVP Jose E. Cil sold 99,151 shares of Restaurant Brands International stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $65.05, for a total transaction of $6,449,772.55. Following the transaction, the executive vice president now directly owns 397,349 shares of the company’s stock, valued at approximately $25,847,552.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $3,268,138.48. Following the transaction, the director now directly owns 124,643 shares in the company, valued at $8,179,073.66. The disclosure for this sale can be found here. 3.05% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of QSR. Point72 Asset Management L.P. boosted its holdings in Restaurant Brands International by 3,083.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,257,541 shares of the restaurant operator’s stock worth $80,332,000 after acquiring an additional 1,218,041 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Restaurant Brands International in the 4th quarter worth about $69,324,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Restaurant Brands International by 36.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,831,529 shares of the restaurant operator’s stock worth $235,562,000 after buying an additional 1,017,863 shares during the last quarter. Argent Capital Management LLC purchased a new position in shares of Restaurant Brands International in the 3rd quarter worth about $33,235,000. Finally, Forsta AP Fonden purchased a new position in shares of Restaurant Brands International in the 4th quarter worth about $30,559,000. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

QSR has been the subject of several research analyst reports. 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 note on Monday, November 6th. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, October 18th. UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the company a “buy” rating in a research note on Monday, October 16th. Nomura lifted their price objective on shares of Restaurant Brands International from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Wells Fargo & Co boosted their price target on shares of Restaurant Brands International from $60.00 to $68.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Restaurant Brands International has an average rating of “Buy” and an average price target of $70.47.

COPYRIGHT VIOLATION NOTICE: This news story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/12/restaurant-brands-international-qsr-releases-quarterly-earnings-results-beats-expectations-by-0-09-eps.html.

Restaurant Brands International Company Profile

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.

Earnings History for Restaurant Brands International (NYSE:QSR)

Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply