Wall Street analysts predict that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will announce sales of $1.38 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Restaurant Brands International’s earnings. The lowest sales estimate is $1.34 billion and the highest is $1.41 billion. Restaurant Brands International reported sales of $1.23 billion during the same quarter last year, which would suggest a positive year over year growth rate of 12.2%. The business is scheduled to issue its next earnings report on Monday, February 11th.
According to Zacks, analysts expect that Restaurant Brands International will report full year sales of $5.36 billion for the current financial year, with estimates ranging from $5.31 billion to $5.39 billion. For the next fiscal year, analysts expect that the firm will report sales of $5.59 billion, with estimates ranging from $5.49 billion to $5.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, October 24th. The restaurant operator reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). Restaurant Brands International had a return on equity of 28.42% and a net margin of 12.76%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm earned $0.58 EPS. The company’s revenue was up 13.8% on a year-over-year basis.
Several research firms have commented on QSR. KeyCorp began coverage on shares of Restaurant Brands International in a report on Wednesday, October 3rd. They set an “overweight” rating and a $68.00 price target for the company. ValuEngine cut shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Citigroup boosted their price target on shares of Restaurant Brands International from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, August 13th. Robert W. Baird assumed coverage on shares of Restaurant Brands International in a report on Friday, September 21st. They set an “outperform” rating for the company. Finally, Zacks Investment Research restated a “sell” rating on shares of Restaurant Brands International in a report on Wednesday, November 14th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.80.
NYSE QSR opened at $54.67 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.34 and a debt-to-equity ratio of 2.73. Restaurant Brands International has a 52 week low of $52.06 and a 52 week high of $65.17. The company has a market cap of $14.14 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.63 and a beta of 1.37.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Monday, December 17th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, December 14th. Restaurant Brands International’s payout ratio is 85.71%.
Institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. acquired a new position in shares of Restaurant Brands International in the 2nd quarter valued at $133,000. San Francisco Sentry Investment Group CA boosted its holdings in shares of Restaurant Brands International by 166.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 2,317 shares of the restaurant operator’s stock valued at $137,000 after buying an additional 1,446 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Restaurant Brands International in the 2nd quarter valued at $162,000. Riverhead Capital Management LLC boosted its holdings in shares of Restaurant Brands International by 52.0% in the 3rd quarter. Riverhead Capital Management LLC now owns 3,508 shares of the restaurant operator’s stock valued at $207,000 after buying an additional 1,200 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Restaurant Brands International by 56.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,722 shares of the restaurant operator’s stock valued at $225,000 after buying an additional 1,337 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.
About Restaurant Brands International
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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