Brokerages forecast that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will report sales of $1.37 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Restaurant Brands International’s earnings. The lowest sales estimate is $1.35 billion and the highest is $1.40 billion. Restaurant Brands International reported sales of $1.21 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.2%. The firm is expected to issue its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Restaurant Brands International will report full year sales of $5.38 billion for the current year, with estimates ranging from $5.31 billion to $5.42 billion. For the next financial year, analysts expect that the business will report sales of $5.61 billion per share, with estimates ranging from $5.48 billion to $5.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Restaurant Brands International.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, August 1st. The restaurant operator reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. Restaurant Brands International had a net margin of 13.68% and a return on equity of 28.10%. The company’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS.

Several analysts have recently commented on QSR shares. Cowen raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $64.00 to $74.00 in a research report on Tuesday, July 17th. Citigroup lifted their price target on shares of Restaurant Brands International from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. 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 Friday, June 8th. ValuEngine raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Mizuho reissued a “buy” rating and issued a $67.00 price target on shares of Restaurant Brands International in a research report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $71.27.

Large investors have recently modified their holdings of the business. Lenox Wealth Advisors LLC bought a new position in Restaurant Brands International during the 2nd quarter valued at $103,000. Daiwa Securities Group Inc. bought a new position in Restaurant Brands International during the 2nd quarter valued at $133,000. SG Americas Securities LLC bought a new position in Restaurant Brands International during the 2nd quarter valued at $162,000. Moneta Group Investment Advisors LLC lifted its stake in Restaurant Brands International by 45.3% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 2,885 shares of the restaurant operator’s stock valued at $164,000 after acquiring an additional 900 shares in the last quarter. Finally, Timber Hill LLC bought a new position in Restaurant Brands International during the 1st quarter valued at $202,000. Institutional investors and hedge funds own 79.32% of the company’s stock.

Shares of QSR stock traded up $1.19 during trading hours on Monday, hitting $60.61. 88,486 shares of the company were exchanged, compared to its average volume of 1,664,387. The company has a market cap of $14.81 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. Restaurant Brands International has a fifty-two week low of $53.09 and a fifty-two week high of $68.89. The company has a quick ratio of 1.17, a current ratio of 1.24 and a debt-to-equity ratio of 2.84.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 7th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.97%. The ex-dividend date is Thursday, September 6th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 85.71%.

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

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