Restaurant Brands International Inc. (TSE:QSR) to Post Q3 2024 Earnings of $1.27 Per Share, Zacks Research Forecasts

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) – Equities research analysts at Zacks Research lowered their Q3 2024 earnings estimates for Restaurant Brands International in a report issued on Tuesday, May 14th. Zacks Research analyst M. Kaushik now expects that the company will post earnings per share of $1.27 for the quarter, down from their previous estimate of $1.29. The consensus estimate for Restaurant Brands International’s current full-year earnings is $6.46 per share. Zacks Research also issued estimates for Restaurant Brands International’s Q4 2024 earnings at $1.15 EPS, FY2024 earnings at $4.57 EPS, Q1 2025 earnings at $1.10 EPS, Q2 2025 earnings at $1.30 EPS, Q4 2025 earnings at $1.27 EPS, FY2025 earnings at $5.11 EPS and Q1 2026 earnings at $1.14 EPS.

Separately, Royal Bank of Canada raised their price target on shares of Restaurant Brands International from C$81.00 to C$90.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at C$97.20 on Wednesday. The company has a debt-to-equity ratio of 299.34, a current ratio of 1.08 and a quick ratio of 0.80. The firm has a market cap of C$30.75 billion, a P/E ratio of 18.39, a P/E/G ratio of 2.22 and a beta of 0.93. The firm has a 50 day simple moving average of C$103.55 and a 200 day simple moving average of C$101.74. Restaurant Brands International has a fifty-two week low of C$84.73 and a fifty-two week high of C$112.12.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate of C$0.99 by C$0.03. The company had revenue of C$2.48 billion during the quarter, compared to analyst estimates of C$2.44 billion. Restaurant Brands International had a net margin of 17.17% and a return on equity of 38.68%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of C$102.20, for a total value of C$872,481.40. In other Restaurant Brands International news, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of C$102.20, for a total value of C$872,481.40. Also, Senior Officer Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$75.17, for a total transaction of C$18,506,553.32. Insiders sold a total of 411,248 shares of company stock valued at $31,628,397 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be issued a $0.784 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.23%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.78. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.70%.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.