Wall Street brokerages expect that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will post sales of $1.46 billion for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Restaurant Brands International’s earnings, with the highest sales estimate coming in at $1.48 billion and the lowest estimate coming in at $1.45 billion. Restaurant Brands International reported sales of $1.38 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The business is expected to issue its next quarterly earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Restaurant Brands International will report full year sales of $5.60 billion for the current year, with estimates ranging from $5.56 billion to $5.61 billion. For the next fiscal year, analysts anticipate that the business will report sales of $5.89 billion, with estimates ranging from $5.80 billion to $5.98 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Restaurant Brands International.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Friday, August 2nd. The restaurant operator reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Restaurant Brands International had a net margin of 10.57% and a return on equity of 30.53%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis.

A number of research analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Restaurant Brands International from $72.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Cowen lifted their target price on shares of Restaurant Brands International from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Evercore ISI started coverage on shares of Restaurant Brands International in a report on Tuesday, June 11th. They issued an “outperform” rating on the stock. Wells Fargo & Co lifted their target price on shares of Restaurant Brands International from $70.00 to $79.00 and gave the company a “market perform” rating in a report on Monday, July 22nd. Finally, Longbow Research cut shares of Restaurant Brands International from a “neutral” rating to an “underperform” rating and cut their target price for the company from $70.50 to $55.00 in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $77.69.

Restaurant Brands International stock traded up $0.62 during trading on Friday, reaching $75.52. The stock had a trading volume of 28,214 shares, compared to its average volume of 2,521,222. Restaurant Brands International has a 52-week low of $50.20 and a 52-week high of $78.26. The business has a 50 day moving average price of $73.50 and a 200 day moving average price of $67.59. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 3.30. The stock has a market cap of $19.09 billion, a PE ratio of 28.66, a P/E/G ratio of 2.96 and a beta of 1.26.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Tuesday, September 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.65%. Restaurant Brands International’s payout ratio is 76.05%.

In other news, CEO Jose E. Cil sold 127,557 shares of Restaurant Brands International stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $68.28, for a total value of $8,709,591.96. Following the transaction, the chief executive officer now directly owns 558,889 shares of the company’s stock, valued at approximately $38,160,940.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.13% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in QSR. Nuveen Asset Management LLC increased its stake in Restaurant Brands International by 10,544.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,466,928 shares of the restaurant operator’s stock valued at $241,090,000 after buying an additional 3,434,357 shares during the period. CIBC Asset Management Inc increased its stake in Restaurant Brands International by 413.4% in the 1st quarter. CIBC Asset Management Inc now owns 2,854,786 shares of the restaurant operator’s stock valued at $185,724,000 after buying an additional 2,298,691 shares during the period. Mackenzie Financial Corp increased its stake in Restaurant Brands International by 198.5% in the 2nd quarter. Mackenzie Financial Corp now owns 2,844,374 shares of the restaurant operator’s stock valued at $197,798,000 after buying an additional 1,891,368 shares during the period. FIL Ltd increased its stake in Restaurant Brands International by 24.2% in the 1st quarter. FIL Ltd now owns 8,910,639 shares of the restaurant operator’s stock valued at $579,708,000 after buying an additional 1,736,671 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Restaurant Brands International by 56.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,635,855 shares of the restaurant operator’s stock valued at $183,698,000 after buying an additional 947,002 shares during the period. 80.20% of the stock is currently owned by institutional investors.

About Restaurant Brands International

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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Earnings History and Estimates for Restaurant Brands International (NYSE:QSR)

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