Oppenheimer Brokers Decrease Earnings Estimates for Restaurant Brands International Inc (QSR)

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – Investment analysts at Oppenheimer cut their Q1 2018 earnings per share (EPS) estimates for shares of Restaurant Brands International in a research note issued on Monday. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings per share of $0.56 for the quarter, down from their previous 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 Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.79 EPS and FY2019 earnings at $3.00 EPS.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Monday, February 12th. The restaurant operator reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.09. Restaurant Brands International had a return on equity of 25.57% and a net margin of 12.70%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business earned $0.44 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis.

Other research analysts also recently issued reports about the company. Citigroup boosted their target price on Restaurant Brands International from $71.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, October 18th. Nomura boosted their target price on Restaurant Brands International from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. UBS Group set a $74.00 target price on Restaurant Brands International and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, BMO Capital Markets restated a “hold” rating on shares of Restaurant Brands International in a research note on Tuesday. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $70.35.

Restaurant Brands International (NYSE QSR) opened at $57.78 on Wednesday. Restaurant Brands International has a one year low of $53.16 and a one year high of $68.89. 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 firm has a market capitalization of $14,240.08, a price-to-earnings ratio of 28.41, a P/E/G ratio of 1.35 and a beta of 1.52.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of Nova Scotia Trust Co. boosted its stake in shares of Restaurant Brands International by 3.2% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 39,853 shares of the restaurant operator’s stock worth $2,450,000 after buying an additional 1,236 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Restaurant Brands International by 278.4% in the fourth quarter. Renaissance Technologies LLC now owns 101,800 shares of the restaurant operator’s stock worth $6,280,000 after buying an additional 74,900 shares during the last quarter. Centenus Global Management LP purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth about $3,197,000. Scotia Capital Inc. boosted its stake in shares of Restaurant Brands International by 5.8% in the fourth quarter. Scotia Capital Inc. now owns 464,926 shares of the restaurant operator’s stock worth $28,574,000 after buying an additional 25,543 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth about $4,432,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

In other Restaurant Brands International news, EVP Jose E. Cil sold 99,151 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $65.05, for a total transaction of $6,449,772.55. Following the sale, the executive vice president now owns 397,349 shares in the company, valued at approximately $25,847,552.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Marc Caira sold 49,804 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 124,643 shares in the company, valued at approximately $8,179,073.66. The disclosure for this sale can be found here. 3.05% of the stock is currently owned by insiders.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.21. Restaurant Brands International’s payout ratio is presently 33.07%.

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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.

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