Restaurant Brands International Inc (QSR) Expected to Post Quarterly Sales of $1.27 Billion
Equities research analysts expect that Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) will post sales of $1.27 billion for the current quarter, Zacks reports. Two analysts have provided estimates for Restaurant Brands International’s earnings. Restaurant Brands International reported sales of $1.11 billion during the same quarter last year, which would suggest a positive year over year growth rate of 14.4%. The firm is expected to report its next quarterly earnings report on Monday, February 12th.
On average, analysts expect that Restaurant Brands International will report full year sales of $1.27 billion for the current year, with estimates ranging from $4.57 billion to $4.61 billion. For the next fiscal year, analysts expect that the company will report sales of $4.98 billion per share, with estimates ranging from $4.97 billion to $4.99 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Restaurant Brands International.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.09. Restaurant Brands International had a return on equity of 23.53% and a net margin of 12.40%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis.
In related news, CEO Daniel S. Schwartz sold 708,582 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $64.49, for a total transaction of $45,696,453.18. Following the completion of the transaction, the chief executive officer now directly owns 886,272 shares of the company’s stock, valued at approximately $57,155,681.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ali Hedayat bought 5,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average cost of $64.58 per share, with a total value of $322,900.00. Following the completion of the transaction, the director now owns 30,966 shares in the company, valued at $1,999,784.28. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 5,056,166 shares of company stock valued at $327,220,722. 3.05% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Krilogy Financial LLC raised its position in Restaurant Brands International by 2,938.5% during the 3rd quarter. Krilogy Financial LLC now owns 1,975 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 1,910 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Restaurant Brands International by 10.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock worth $135,000 after purchasing an additional 200 shares during the last quarter. Commonwealth Bank of Australia raised its position in Restaurant Brands International by 9.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock worth $197,000 after purchasing an additional 261 shares during the last quarter. Enterprise Financial Services Corp raised its position in Restaurant Brands International by 16,250.0% during the 3rd quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock worth $209,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Advisor Group Inc. raised its position in Restaurant Brands International by 146.2% during the 2nd quarter. Advisor Group Inc. now owns 3,786 shares of the restaurant operator’s stock worth $236,000 after purchasing an additional 2,248 shares during the last quarter. 78.35% of the stock is owned by institutional investors and hedge funds.
Shares of Restaurant Brands International (NYSE QSR) traded down $0.35 on Wednesday, hitting $63.51. The stock had a trading volume of 1,620,411 shares, compared to its average volume of 1,185,989. Restaurant Brands International has a one year low of $47.60 and a one year high of $68.89. The company has a market cap of $15,168.83, a PE ratio of 33.79, a price-to-earnings-growth ratio of 1.40 and a beta of 1.69. The company has a quick ratio of 3.38, a current ratio of 3.45 and a debt-to-equity ratio of 2.70.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 15th were given a dividend of $0.21 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, December 14th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 57.93%.
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Restaurant Brands International Company Profile
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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