Equities analysts forecast that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will announce sales of $1.45 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Restaurant Brands International’s earnings, with the highest sales estimate coming in at $1.49 billion and the lowest estimate coming in at $1.43 billion. Restaurant Brands International reported sales of $1.39 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 10th.
According to Zacks, analysts expect that Restaurant Brands International will report full-year sales of $5.58 billion for the current fiscal year, with estimates ranging from $5.55 billion to $5.60 billion. For the next financial year, analysts expect that the company will post sales of $5.86 billion, with estimates ranging from $5.78 billion to $5.93 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Monday, October 28th. The restaurant operator reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 11.64%. Restaurant Brands International’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share.
QSR has been the topic of several recent analyst reports. Cowen dropped their target price on Restaurant Brands International from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Goldman Sachs Group assumed coverage on Restaurant Brands International in a report on Monday, July 29th. They set a “neutral” rating and a $71.00 price objective on the stock. Piper Jaffray Companies reaffirmed a “market perform” rating and set a $90.00 price objective (up previously from $80.00) on shares of Restaurant Brands International in a report on Thursday, September 5th. Stephens raised their price objective on Restaurant Brands International from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Deutsche Bank dropped their price objective on Restaurant Brands International from $73.00 to $71.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. Restaurant Brands International has an average rating of “Buy” and a consensus price target of $77.53.
NYSE:QSR traded down $0.26 during trading hours on Friday, hitting $65.80. The company’s stock had a trading volume of 1,435,613 shares, compared to its average volume of 1,953,122. The stock has a market capitalization of $19.82 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 2.55 and a beta of 1.20. The stock has a fifty day moving average of $68.36 and a 200-day moving average of $70.60. The company has a current ratio of 1.09, a quick ratio of 1.05 and a debt-to-equity ratio of 3.18. Restaurant Brands International has a 52-week low of $50.20 and a 52-week high of $79.46.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Monday, December 16th. Restaurant Brands International’s dividend payout ratio is currently 76.05%.
In related news, Director Paul J. Fribourg sold 488,024 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $77.20, for a total transaction of $37,675,452.80. Following the transaction, the director now owns 58,005 shares of the company’s stock, valued at $4,477,986. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alexandre Macedo sold 166,834 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $64.45, for a total value of $10,752,451.30. Following the transaction, the insider now directly owns 38,525 shares in the company, valued at approximately $2,482,936.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,007,128 shares of company stock worth $75,592,467. Corporate insiders own 4.13% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Athanor Capital LP purchased a new position in shares of Restaurant Brands International during the second quarter worth about $243,000. Aperio Group LLC lifted its position in Restaurant Brands International by 16.7% in the second quarter. Aperio Group LLC now owns 98,127 shares of the restaurant operator’s stock valued at $6,824,000 after purchasing an additional 14,060 shares during the period. Bessemer Group Inc. lifted its position in Restaurant Brands International by 1.3% in the second quarter. Bessemer Group Inc. now owns 1,768,249 shares of the restaurant operator’s stock valued at $122,963,000 after purchasing an additional 22,101 shares during the period. Russell Investments Group Ltd. lifted its position in Restaurant Brands International by 31.1% in the second quarter. Russell Investments Group Ltd. now owns 19,674 shares of the restaurant operator’s stock valued at $1,369,000 after purchasing an additional 4,668 shares during the period. Finally, Boston Advisors LLC lifted its position in Restaurant Brands International by 6.5% in the second quarter. Boston Advisors LLC now owns 15,700 shares of the restaurant operator’s stock valued at $1,092,000 after purchasing an additional 960 shares during the period. 65.89% of the stock is currently owned by hedge funds and other institutional investors.
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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