$1.46 Billion in Sales Expected for Restaurant Brands International Inc (NYSE:QSR) This Quarter

Equities research analysts expect that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will report sales of $1.46 billion for the current quarter, Zacks reports. Eight analysts have made estimates for Restaurant Brands International’s earnings. The highest sales estimate is $1.49 billion and the lowest is $1.44 billion. Restaurant Brands International posted sales of $1.38 billion in the same quarter last year, which suggests a positive year over year growth rate of 5.8%. The firm is expected to report its next earnings report 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 fiscal year, with estimates ranging from $5.55 billion to $5.64 billion. For the next fiscal year, analysts forecast that the business will post sales of $5.90 billion, with estimates ranging from $5.79 billion to $6.00 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Restaurant Brands International.

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

Several equities analysts have recently issued reports on the company. Deutsche Bank initiated coverage on Restaurant Brands International in a research report on Wednesday, September 4th. They set a “hold” rating and a $73.00 price objective for the company. KeyCorp lifted their target price on Restaurant Brands International from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. SunTrust Banks increased their price target on Restaurant Brands International to $86.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. UBS Group reissued a “buy” rating and set a $79.00 price target (up from $74.00) on shares of Restaurant Brands International in a report on Friday, July 12th. Finally, Oppenheimer lifted their price objective on shares of Restaurant Brands International from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.11.

In related news, COO Joshua Kobza sold 203,198 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $76.71, for a total value of $15,587,318.58. Following the completion of the sale, the chief operating officer now owns 148,694 shares in the company, valued at approximately $11,406,316.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg sold 488,024 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $77.20, for a total transaction of $37,675,452.80. Following the completion of the transaction, the director now directly owns 58,005 shares of the company’s stock, valued at approximately $4,477,986. The disclosure for this sale can be found here. Insiders sold a total of 840,294 shares of company stock worth $64,840,016 over the last 90 days. Insiders own 4.13% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in Restaurant Brands International by 10.0% in the first quarter. Janney Montgomery Scott LLC now owns 5,244 shares of the restaurant operator’s stock valued at $341,000 after purchasing an additional 475 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in shares of Restaurant Brands International by 7.2% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 5,024 shares of the restaurant operator’s stock valued at $327,000 after buying an additional 336 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of Restaurant Brands International by 2.0% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 41,074 shares of the restaurant operator’s stock valued at $3,571,000 after buying an additional 800 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Restaurant Brands International by 15.3% in the 1st quarter. Toronto Dominion Bank now owns 1,587,558 shares of the restaurant operator’s stock valued at $103,273,000 after buying an additional 210,102 shares in the last quarter. Finally, Cidel Asset Management Inc. acquired a new position in Restaurant Brands International in the first quarter worth approximately $24,131,000. 77.67% of the stock is owned by institutional investors and hedge funds.

NYSE QSR traded up $0.36 on Friday, hitting $72.16. The stock had a trading volume of 177,963 shares, compared to its average volume of 2,847,331. The company’s 50-day moving average is $75.63 and its two-hundred day moving average is $69.00. Restaurant Brands International has a one year low of $50.20 and a one year high of $79.46. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 2.97 and a beta of 1.23. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, September 16th. Restaurant Brands International’s dividend payout ratio is presently 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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