Zacks: Analysts Anticipate Restaurant Brands International Inc. (QSR) Will Post Earnings of $0.49 Per Share
Equities analysts predict that Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) will post $0.49 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Restaurant Brands International’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.46. Restaurant Brands International posted earnings of $0.43 per share in the same quarter last year, which indicates a positive year over year growth rate of 14%. The business is scheduled to report its next quarterly earnings results on Monday, October 23rd.
According to Zacks, analysts expect that Restaurant Brands International will report full-year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.83 to $1.98. For the next year, analysts forecast that the firm will report earnings of $2.63 per share, with EPS estimates ranging from $2.45 to $2.79. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share.
Several brokerages have issued reports on QSR. BidaskClub upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. UBS AG upgraded shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday. Bank of America Corporation restated a “neutral” rating and issued a $62.00 price target (up from $58.00) on shares of Restaurant Brands International in a research report on Tuesday, June 13th. Finally, Scotiabank upped their price target on shares of Restaurant Brands International from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $63.75.
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Restaurant Brands International (QSR) traded down 0.99% during midday trading on Thursday, reaching $60.73. The company’s stock had a trading volume of 737,270 shares. The firm has a 50-day moving average price of $60.94 and a 200 day moving average price of $58.28. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of 42.50 and a beta of 1.77. Restaurant Brands International has a 52-week low of $42.35 and a 52-week high of $62.94.
Restaurant Brands International announced that its board has approved a share buyback plan on Wednesday, August 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be paid a $0.20 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 14th. Restaurant Brands International’s dividend payout ratio is currently 52.78%.
In other news, Director Ali Hedayat acquired 5,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 4th. The shares were bought at an average cost of $61.32 per share, with a total value of $306,600.00. Following the purchase, the director now owns 25,966 shares in the company, valued at approximately $1,592,235.12. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jose E. Cil sold 142,700 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $59.05, for a total transaction of $8,426,435.00. Following the completion of the sale, the executive vice president now directly owns 21,684 shares in the company, valued at $1,280,440.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 250,000 shares of company stock worth $14,849,219. Insiders own 4.20% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. raised its stake in Restaurant Brands International by 0.5% in the second quarter. Stratos Wealth Partners LTD. now owns 4,483 shares of the restaurant operator’s stock worth $280,000 after buying an additional 23 shares in the last quarter. Ironwood Investment Management LLC raised its position in shares of Restaurant Brands International by 0.6% in the second quarter. Ironwood Investment Management LLC now owns 7,970 shares of the restaurant operator’s stock valued at $498,000 after buying an additional 46 shares in the last quarter. Creative Planning raised its position in shares of Restaurant Brands International by 5.4% in the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 108 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Restaurant Brands International by 10.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after buying an additional 200 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its position in shares of Restaurant Brands International by 9.0% in the second quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock valued at $197,000 after buying an additional 261 shares in the last quarter. 76.68% of the stock is currently owned by institutional investors.
About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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