Q1 2018 EPS Estimates for Restaurant Brands International Inc Decreased by Analyst (QSR)
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) – Investment analysts at Oppenheimer cut their Q1 2018 earnings per share (EPS) estimates for shares of Restaurant Brands International in a research note issued on Monday. Oppenheimer analyst B. Bittner now anticipates that the company will post earnings of $0.71 per share for the quarter, down from their previous estimate of $0.74. Oppenheimer also issued estimates for Restaurant Brands International’s Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.90 EPS, FY2018 earnings at $3.46 EPS and FY2019 earnings at $3.79 EPS.
QSR has been the subject of a number of other research reports. Royal Bank of Canada increased their price objective on shares of Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Evercore reaffirmed an “outperform” rating on shares of Restaurant Brands International in a research report on Tuesday, December 12th. Evercore ISI reaffirmed an “outperform” rating on shares of Restaurant Brands International in a research report on Tuesday, December 12th. Cowen lowered their price objective on shares of Restaurant Brands International from C$72.00 to C$69.00 in a research report on Tuesday. Finally, BMO Capital Markets lowered their price objective on shares of Restaurant Brands International from C$72.00 to C$70.00 in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$80.20.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.554 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.26. This represents a $2.22 dividend on an annualized basis and a yield of 3.07%. Restaurant Brands International’s dividend payout ratio is 80.43%.
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Restaurant Brands International Company Profile
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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