Wall Street analysts expect Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) to announce $1.39 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Restaurant Brands International’s earnings, with the highest sales estimate coming in at $1.43 billion and the lowest estimate coming in at $1.35 billion. Restaurant Brands International posted sales of $1.34 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.7%. The business is expected to issue its next earnings results on Wednesday, August 7th.
On average, analysts expect that Restaurant Brands International will report full year sales of $5.57 billion for the current year, with estimates ranging from $5.53 billion to $5.67 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.87 billion, with estimates ranging from $5.82 billion to $6.06 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.04). The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 earnings per share.
In related news, insider Daniel S. Schwartz sold 1,041,882 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $67.88, for a total transaction of $70,722,950.16. Following the sale, the insider now owns 461,637 shares of the company’s stock, valued at $31,335,919.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jose E. Cil sold 127,557 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $68.28, for a total transaction of $8,709,591.96. Following the sale, the chief executive officer now directly owns 558,889 shares in the company, valued at approximately $38,160,940.92. The disclosure for this sale can be found here. 3.78% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Restaurant Brands International by 297.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 343,884 shares of the restaurant operator’s stock worth $20,385,000 after buying an additional 257,278 shares during the last quarter. KBC Group NV raised its stake in shares of Restaurant Brands International by 100.0% during the fourth quarter. KBC Group NV now owns 8,780 shares of the restaurant operator’s stock worth $459,000 after purchasing an additional 4,390 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $353,000. Enlightenment Research LLC purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $42,000. Finally, Comerica Bank raised its stake in shares of Restaurant Brands International by 8.8% during the fourth quarter. Comerica Bank now owns 15,692 shares of the restaurant operator’s stock worth $986,000 after purchasing an additional 1,267 shares during the last quarter. Institutional investors and hedge funds own 80.18% of the company’s stock.
Shares of QSR traded down $0.47 during mid-day trading on Friday, reaching $67.83. The stock had a trading volume of 877,795 shares, compared to its average volume of 1,851,279. The firm has a market cap of $17.30 billion, a P/E ratio of 25.79, a PEG ratio of 2.74 and a beta of 1.29. Restaurant Brands International has a 12 month low of $50.20 and a 12 month high of $69.26. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.10 and a quick ratio of 1.04.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Monday, June 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Friday, June 14th. Restaurant Brands International’s payout ratio is 76.05%.
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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