Restaurant Brands International Inc (QSR) Expected to Post Quarterly Sales of $1.13 Billion

Wall Street analysts forecast that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will announce sales of $1.13 billion for the current quarter, according to Zacks. Two analysts have made estimates for Restaurant Brands International’s earnings, with the highest sales estimate coming in at $1.14 billion and the lowest estimate coming in at $1.13 billion. Restaurant Brands International reported sales of $1.00 billion during the same quarter last year, which would suggest a positive year over year growth rate of 13%. The company is scheduled to announce its next earnings results on Wednesday, April 25th.

According to Zacks, analysts expect that Restaurant Brands International will report full-year sales of $1.13 billion for the current financial year, with estimates ranging from $4.83 billion to $4.94 billion. For the next year, analysts expect that the firm will report sales of $5.13 billion per share, with estimates ranging from $5.11 billion to $5.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Restaurant Brands International.

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Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Monday, February 12th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. Restaurant Brands International had a net margin of 12.70% and a return on equity of 24.56%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS.

A number of analysts have recently issued reports on QSR shares. Zacks Investment Research raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Tuesday, December 26th. Nomura raised their price objective on shares of Restaurant Brands International from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the stock a “buy” rating in a report on Tuesday, January 16th. BMO Capital Markets reissued a “hold” rating on shares of Restaurant Brands International in a report on Tuesday, February 13th. Finally, Royal Bank of Canada raised their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $70.35.

Shares of Restaurant Brands International (QSR) opened at $59.33 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market cap of $14,370.00, a PE ratio of 23.36, a PEG ratio of 1.49 and a beta of 1.48. Restaurant Brands International has a 1-year low of $53.54 and a 1-year high of $68.89.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.80 annualized dividend and a yield of 3.03%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.21. Restaurant Brands International’s payout ratio is currently 33.07%.

In other Restaurant Brands International news, insider Heitor Goncalves sold 81,637 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $59.42, for a total transaction of $4,850,870.54. Following the transaction, the insider now owns 187,333 shares of the company’s stock, valued at $11,131,326.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ali Hedayat purchased 5,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were purchased at an average cost of $58.00 per share, for a total transaction of $290,000.00. Following the acquisition, the director now directly owns 37,592 shares of the company’s stock, valued at $2,180,336. The disclosure for this purchase can be found here. Insiders have sold 471,676 shares of company stock worth $27,885,174 in the last ninety days. Insiders own 3.05% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Suvretta Capital Management LLC lifted its holdings in Restaurant Brands International by 12.1% during the third quarter. Suvretta Capital Management LLC now owns 3,861,310 shares of the restaurant operator’s stock valued at $246,660,000 after purchasing an additional 415,540 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Restaurant Brands International by 36.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,831,529 shares of the restaurant operator’s stock valued at $235,562,000 after purchasing an additional 1,017,863 shares in the last quarter. TD Asset Management Inc. lifted its holdings in Restaurant Brands International by 6.3% during the third quarter. TD Asset Management Inc. now owns 3,535,175 shares of the restaurant operator’s stock valued at $225,342,000 after purchasing an additional 208,443 shares in the last quarter. Millennium Management LLC lifted its holdings in Restaurant Brands International by 178.9% during the fourth quarter. Millennium Management LLC now owns 3,483,355 shares of the restaurant operator’s stock valued at $214,157,000 after purchasing an additional 2,234,306 shares in the last quarter. Finally, Two Creeks Capital Management LP lifted its holdings in Restaurant Brands International by 17.6% during the fourth quarter. Two Creeks Capital Management LP now owns 2,141,990 shares of the restaurant operator’s stock valued at $131,690,000 after purchasing an additional 320,686 shares in the last quarter. 77.52% of the stock is currently owned by institutional investors and hedge funds.

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About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 23,000 restaurants in more than 100 countries and the United States territories, as of September 30, 2017. It operates through three segments: Tim Hortons (TH), Burger King (BK) and Popeyes Louisiana Kitchen (PLK).

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