Analysts expect Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) to post sales of $1.51 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Restaurant Brands International’s earnings, with estimates ranging from $1.29 billion to $1.60 billion. Restaurant Brands International posted sales of $1.34 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 12.7%. The firm is expected to announce its next quarterly earnings report on Tuesday, October 26th.
On average, analysts expect that Restaurant Brands International will report full year sales of $5.76 billion for the current financial year, with estimates ranging from $5.31 billion to $5.91 billion. For the next year, analysts anticipate that the company will post sales of $6.17 billion, with estimates ranging from $5.36 billion to $6.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, July 29th. The restaurant operator reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.16. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Restaurant Brands International had a net margin of 12.50% and a return on equity of 26.43%. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS.
NYSE:QSR traded down $0.43 during trading hours on Thursday, hitting $64.63. 2,163,072 shares of the company traded hands, compared to its average volume of 1,452,102. The stock has a market capitalization of $19.94 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 1.84 and a beta of 1.17. Restaurant Brands International has a twelve month low of $51.12 and a twelve month high of $71.12. The firm has a 50-day moving average of $64.41 and a 200 day moving average of $65.77. The company has a current ratio of 1.53, a quick ratio of 1.47 and a debt-to-equity ratio of 2.98.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 5th. Investors of record on Tuesday, September 21st will be paid a $0.53 dividend. The ex-dividend date is Monday, September 20th. This represents a $2.12 annualized dividend and a dividend yield of 3.28%. Restaurant Brands International’s dividend payout ratio is presently 104.43%.
In other Restaurant Brands International news, CFO Matthew Dunnigan sold 10,000 shares of the business’s stock in a transaction dated Friday, June 18th. The stock was sold at an average price of $66.64, for a total transaction of $666,400.00. Following the completion of the transaction, the chief financial officer now owns 45,492 shares of the company’s stock, valued at $3,031,586.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sami A. Siddiqui sold 10,290 shares of the business’s stock in a transaction dated Thursday, June 17th. The stock was sold at an average price of $68.74, for a total value of $707,334.60. Following the transaction, the insider now directly owns 157,779 shares of the company’s stock, valued at approximately $10,845,728.46. The disclosure for this sale can be found here. Insiders sold 85,290 shares of company stock valued at $5,588,735 over the last three months. 1.88% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC boosted its holdings in Restaurant Brands International by 3.9% in the first quarter. Waldron Private Wealth LLC now owns 4,310 shares of the restaurant operator’s stock valued at $282,000 after acquiring an additional 160 shares during the last quarter. GYL Financial Synergies LLC boosted its holdings in Restaurant Brands International by 2.4% in the second quarter. GYL Financial Synergies LLC now owns 8,114 shares of the restaurant operator’s stock valued at $523,000 after acquiring an additional 190 shares during the last quarter. Ossiam boosted its holdings in Restaurant Brands International by 5.7% in the first quarter. Ossiam now owns 3,700 shares of the restaurant operator’s stock valued at $241,000 after acquiring an additional 200 shares during the last quarter. MAI Capital Management boosted its holdings in Restaurant Brands International by 6.0% in the first quarter. MAI Capital Management now owns 3,709 shares of the restaurant operator’s stock valued at $241,000 after acquiring an additional 211 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Restaurant Brands International by 5.8% in the first quarter. HighTower Advisors LLC now owns 3,989 shares of the restaurant operator’s stock valued at $259,000 after acquiring an additional 219 shares during the last quarter. 76.47% of the stock is owned by institutional investors.
Restaurant Brands International Company Profile
Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.
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