Restaurant Brands International Inc (NYSE:QSR) Expected to Post Quarterly Sales of $1.39 Billion

Equities analysts forecast that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will announce sales of $1.39 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Restaurant Brands International’s earnings. The highest sales estimate is $1.43 billion and the lowest is $1.35 billion. Restaurant Brands International reported sales of $1.34 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The company is scheduled to report its next quarterly 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 financial year, with estimates ranging from $5.53 billion to $5.67 billion. For the next fiscal year, analysts anticipate that the business will post sales of $5.87 billion, with estimates ranging from $5.82 billion to $6.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Restaurant Brands International.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Monday, April 29th. The restaurant operator reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.04). The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Restaurant Brands International had a net margin of 11.16% and a return on equity of 29.58%. Restaurant Brands International’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share.

Several research firms recently weighed in on QSR. ValuEngine upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Zacks Investment Research cut shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Sanford C. Bernstein started coverage on shares of Restaurant Brands International in a research report on Friday, April 5th. They set an “outperform” rating on the stock. UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Evercore ISI started coverage on shares of Restaurant Brands International in a research report on Tuesday, June 11th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $70.48.

In other Restaurant Brands International news, insider Daniel S. Schwartz sold 1,041,882 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $67.88, for a total value of $70,722,950.16. Following the transaction, the insider now directly owns 461,637 shares of the company’s stock, valued at $31,335,919.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jose E. Cil sold 127,557 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $68.28, for a total value of $8,709,591.96. Following the completion of the transaction, the chief executive officer now directly owns 558,889 shares in the company, valued at $38,160,940.92. The disclosure for this sale can be found here. Company insiders own 4.13% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. CIBC Asset Management Inc lifted its holdings 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 worth $185,724,000 after purchasing an additional 2,298,691 shares in the last quarter. Norges Bank purchased a new position in Restaurant Brands International in the 4th quarter worth approximately $97,047,000. FIL Ltd lifted its holdings 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 worth $579,708,000 after purchasing an additional 1,736,671 shares in the last quarter. Bank of Montreal Can lifted its holdings in Restaurant Brands International by 16.6% in the 1st quarter. Bank of Montreal Can now owns 5,998,387 shares of the restaurant operator’s stock worth $390,557,000 after purchasing an additional 852,636 shares in the last quarter. Finally, Samlyn Capital LLC lifted its holdings in Restaurant Brands International by 106.3% in the 4th quarter. Samlyn Capital LLC now owns 1,374,113 shares of the restaurant operator’s stock worth $71,867,000 after purchasing an additional 708,183 shares in the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of QSR traded up $0.69 during midday trading on Wednesday, hitting $71.14. 1,345,047 shares of the company traded hands, compared to its average volume of 1,772,158. The stock’s 50-day moving average is $68.26. Restaurant Brands International has a one year low of $50.20 and a one year high of $71.34. The firm has a market cap of $18.12 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 2.83 and a beta of 1.26. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.04 and a current ratio of 1.10.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th were given a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 2.81%. Restaurant Brands International’s payout ratio is 76.05%.

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

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