TSE:QSR FY2024 EPS Forecast Boosted by Zacks Research

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) – Zacks Research lifted their FY2024 EPS estimates for Restaurant Brands International in a research report issued on Wednesday, January 22nd. Zacks Research analyst M. Kaushik now anticipates that the company will earn $4.75 per share for the year, up from their previous forecast of $4.63. The consensus estimate for Restaurant Brands International’s current full-year earnings is $7.32 per share. Zacks Research also issued estimates for Restaurant Brands International’s Q4 2024 earnings at $1.13 EPS, Q1 2025 earnings at $1.15 EPS, Q2 2025 earnings at $1.39 EPS, Q2 2026 earnings at $1.51 EPS, Q3 2026 earnings at $1.71 EPS and FY2026 earnings at $5.86 EPS.

Restaurant Brands International Stock Up 1.5 %

QSR stock opened at C$88.44 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.78 and a debt-to-equity ratio of 322.48. Restaurant Brands International has a 52 week low of C$86.06 and a 52 week high of C$112.12. The stock has a market capitalization of C$28.63 billion, a P/E ratio of 16.08, a P/E/G ratio of 2.22 and a beta of 0.95. The firm has a 50-day simple moving average of C$94.29 and a 200-day simple moving average of C$95.62.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its earnings results on Tuesday, November 5th. The company reported C$1.27 EPS for the quarter, missing the consensus estimate of C$1.29 by C($0.02). Restaurant Brands International had a return on equity of 37.74% and a net margin of 16.99%. The company had revenue of C$3.13 billion for the quarter, compared to analyst estimates of C$3.15 billion.

Restaurant Brands International Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were given a $0.785 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $3.14 annualized dividend and a dividend yield of 3.55%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 57.09%.

Insider Buying and Selling

In other Restaurant Brands International news, Director Vicente Tome sold 1,990 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$96.66, for a total transaction of C$192,345.44. Also, Senior Officer Iv Curtis Thomas Benjamin sold 11,120 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$96.22, for a total value of C$1,069,957.50. Over the last ninety days, insiders sold 66,735 shares of company stock worth $6,459,478. 1.24% of the stock is owned by corporate insiders.

Restaurant Brands International Company Profile

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations.