Analysts expect Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) to post sales of $983.65 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Restaurant Brands International’s earnings. The lowest sales estimate is $825.90 million and the highest is $1.08 billion. Restaurant Brands International reported sales of $1.40 billion during the same quarter last year, which would suggest a negative year over year growth rate of 29.7%. The firm is scheduled to announce its next quarterly earnings results on Friday, August 7th.
On average, analysts expect that Restaurant Brands International will report full year sales of $4.83 billion for the current year, with estimates ranging from $4.45 billion to $5.08 billion. For the next financial year, analysts forecast that the firm will report sales of $5.58 billion, with estimates ranging from $5.27 billion to $5.72 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Friday, May 1st. The restaurant operator reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.02). The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. Restaurant Brands International had a net margin of 11.72% and a return on equity of 31.08%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS.
In other news, insider Felipe A. Athayde sold 43,476 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $49.41, for a total transaction of $2,148,149.16. Following the sale, the insider now directly owns 14,429 shares in the company, valued at approximately $712,936.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexandre Behring sold 64,105 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $48.14, for a total transaction of $3,086,014.70. Following the sale, the director now owns 3,719 shares in the company, valued at $179,032.66. The disclosure for this sale can be found here. 4.13% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in QSR. Rockefeller Capital Management L.P. increased its holdings in Restaurant Brands International by 2,494.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 441 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 424 shares during the last quarter. WASHINGTON TRUST Co bought a new stake in Restaurant Brands International in the 1st quarter valued at $34,000. NEXT Financial Group Inc increased its holdings in Restaurant Brands International by 144.4% in the 4th quarter. NEXT Financial Group Inc now owns 594 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 351 shares during the last quarter. Allred Capital Management LLC increased its holdings in shares of Restaurant Brands International by 42.8% in the 1st quarter. Allred Capital Management LLC now owns 1,207 shares of the restaurant operator’s stock worth $49,000 after buying an additional 362 shares during the last quarter. Finally, Citizens Financial Group Inc RI increased its holdings in shares of Restaurant Brands International by 1,844.2% in the 4th quarter. Citizens Financial Group Inc RI now owns 836 shares of the restaurant operator’s stock worth $54,000 after buying an additional 793 shares during the last quarter. Institutional investors own 76.94% of the company’s stock.
Shares of QSR stock traded down $0.32 during mid-day trading on Monday, hitting $53.02. The company’s stock had a trading volume of 1,880,091 shares, compared to its average volume of 3,639,813. The company’s fifty day simple moving average is $46.13 and its 200-day simple moving average is $56.98. Restaurant Brands International has a 52 week low of $25.08 and a 52 week high of $79.46. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.02 and a current ratio of 2.08. The company has a market cap of $16.01 billion, a PE ratio of 22.85, a P/E/G ratio of 3.05 and a beta of 1.36.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 3.92%. Restaurant Brands International’s payout ratio is 76.47%.
Restaurant Brands International Company Profile
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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