Q1 2018 Earnings Forecast for Restaurant Brands International Inc (QSR) Issued By Oppenheimer
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) – Equities research analysts at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for shares of Restaurant Brands International in a research note issued to investors on Thursday. Oppenheimer analyst B. Bittner anticipates that the company will post earnings of $0.74 per share for the quarter. Oppenheimer also issued estimates for Restaurant Brands International’s Q2 2018 earnings at $0.90 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.00 EPS and FY2019 earnings at $3.96 EPS.
A number of other brokerages have also recently commented on QSR. Royal Bank of Canada raised their price objective on shares of Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Evercore ISI reaffirmed an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. Finally, Evercore reissued an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Restaurant Brands International has an average rating of “Buy” and an average price target of C$81.25.
Shares of Restaurant Brands International (QSR) opened at C$78.83 on Friday. The company has a market cap of $36,710.00, a P/E ratio of 85.68 and a beta of 1.32. Restaurant Brands International has a one year low of C$63.18 and a one year high of C$88.36.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 15th were paid a $0.262 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.05 dividend on an annualized basis and a yield of 1.33%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s dividend payout ratio (DPR) is currently 80.43%.
In related news, insider José E. Cil sold 39,409 shares of Restaurant Brands International stock in a transaction on Friday, November 3rd. The shares were sold at an average price of C$66.01, for a total value of C$2,601,388.09. Also, insider José E. Cil sold 20,449 shares of Restaurant Brands International stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$65.00, for a total transaction of C$1,329,185.00. Insiders sold a total of 109,358 shares of company stock worth $7,159,093 in the last three months.
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About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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