Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) – Equities research analysts at Oppenheimer decreased their Q1 2018 earnings per share (EPS) estimates for Restaurant Brands International in a note issued to investors on Monday. Oppenheimer analyst B. Bittner now anticipates that the company will post earnings of $0.71 per share for the quarter, down from their previous forecast of $0.74. Oppenheimer also issued estimates for Restaurant Brands International’s Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.90 EPS, FY2018 earnings at $3.46 EPS and FY2019 earnings at $3.79 EPS.
QSR has been the topic of several other reports. Royal Bank of Canada increased their price target on Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Evercore reaffirmed an “outperform” rating on shares of Restaurant Brands International in a research report on Tuesday, December 12th. Evercore ISI reaffirmed an “outperform” rating on shares of Restaurant Brands International in a research report on Tuesday, December 12th. BMO Capital Markets cut their price target on Restaurant Brands International from C$72.00 to C$70.00 in a research report on Tuesday. Finally, Cowen cut their price target on Restaurant Brands International from C$72.00 to C$69.00 in a research report on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Restaurant Brands International presently has an average rating of “Buy” and a consensus price target of C$80.20.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.554 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.26. This represents a $2.22 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Wednesday, March 14th. Restaurant Brands International’s dividend payout ratio is presently 80.43%.
In other news, insider José E. Cil sold 20,449 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of C$65.00, for a total transaction of C$1,329,185.00.
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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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