$1.25 Billion in Sales Expected for Restaurant Brands International Inc. (NYSE:QSR) This Quarter

Brokerages expect Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) to post sales of $1.25 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Restaurant Brands International’s earnings. The highest sales estimate is $1.29 billion and the lowest is $1.21 billion. Restaurant Brands International posted sales of $1.23 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The business is expected to announce its next quarterly earnings report on Friday, May 7th.

On average, analysts expect that Restaurant Brands International will report full year sales of $5.63 billion for the current year, with estimates ranging from $5.35 billion to $5.81 billion. For the next fiscal year, analysts forecast that the business will post sales of $5.97 billion, with estimates ranging from $5.60 billion to $6.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Restaurant Brands International.

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Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Wednesday, February 10th. The restaurant operator reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.13). The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Restaurant Brands International had a net margin of 11.00% and a return on equity of 26.67%.

QSR has been the subject of several research analyst reports. Smith Barney Citigroup assumed coverage on Restaurant Brands International in a research note on Monday, January 4th. They set a “buy” rating and a $74.00 target price for the company. Wells Fargo & Company raised Restaurant Brands International from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $74.00 in a research report on Thursday, December 17th. KeyCorp dropped their price target on Restaurant Brands International from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, February 12th. Stephens dropped their price target on Restaurant Brands International from $73.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, February 11th. Finally, The Goldman Sachs Group assumed coverage on Restaurant Brands International in a research report on Tuesday, January 19th. They set a “sell” rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $64.83.

In other news, insider Sami A. Siddiqui sold 5,438 shares of the stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $58.95, for a total value of $320,570.10. Following the completion of the transaction, the insider now owns 80,221 shares of the company’s stock, valued at $4,729,027.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Axel Mr Schwan sold 32,356 shares of the stock in a transaction on Thursday, December 17th. The stock was sold at an average price of $62.03, for a total value of $2,007,042.68. Following the completion of the transaction, the insider now directly owns 65,758 shares of the company’s stock, valued at approximately $4,078,968.74. The disclosure for this sale can be found here. In the last three months, insiders sold 222,018 shares of company stock valued at $13,316,440. Company insiders own 3.69% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Burney Co. boosted its stake in Restaurant Brands International by 1.5% during the fourth quarter. Burney Co. now owns 13,846 shares of the restaurant operator’s stock valued at $846,000 after buying an additional 198 shares in the last quarter. Comerica Bank boosted its stake in Restaurant Brands International by 1.3% during the third quarter. Comerica Bank now owns 16,011 shares of the restaurant operator’s stock valued at $908,000 after buying an additional 200 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Restaurant Brands International by 3.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,400 shares of the restaurant operator’s stock valued at $330,000 after buying an additional 200 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Restaurant Brands International by 5.4% during the third quarter. DAVENPORT & Co LLC now owns 4,143 shares of the restaurant operator’s stock valued at $238,000 after buying an additional 212 shares in the last quarter. Finally, Sawtooth Solutions LLC boosted its stake in Restaurant Brands International by 2.2% during the third quarter. Sawtooth Solutions LLC now owns 10,249 shares of the restaurant operator’s stock valued at $589,000 after buying an additional 220 shares in the last quarter. 79.46% of the stock is owned by institutional investors and hedge funds.

Shares of Restaurant Brands International stock traded down $0.92 on Tuesday, hitting $59.86. 1,225,480 shares of the company’s stock traded hands, compared to its average volume of 1,709,885. The stock has a market cap of $18.27 billion, a P/E ratio of 33.03, a PEG ratio of 2.62 and a beta of 1.19. The company has a quick ratio of 1.60, a current ratio of 1.65 and a debt-to-equity ratio of 3.22. The firm’s 50-day moving average is $60.60 and its 200 day moving average is $58.16. Restaurant Brands International has a 52-week low of $25.08 and a 52-week high of $65.26.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 6th. Stockholders of record on Tuesday, March 23rd will be paid a $0.53 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, March 22nd. This represents a $2.12 annualized dividend and a dividend yield of 3.54%. Restaurant Brands International’s dividend payout ratio is presently 76.47%.

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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