Zacks: Brokerages Expect Restaurant Brands International Inc (QSR) Will Post Earnings of $0.58 Per Share
Wall Street brokerages expect Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) to announce earnings per share of $0.58 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Restaurant Brands International’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.49. Restaurant Brands International posted earnings per share of $0.44 during the same quarter last year, which would suggest a positive year over year growth rate of 31.8%. The firm is scheduled to report its next earnings results on Monday, February 12th.
On average, analysts expect that Restaurant Brands International will report full year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.93 to $2.10. For the next year, analysts expect that the business will post earnings of $2.70 per share, with EPS estimates ranging from $2.55 to $2.87. Zacks’ EPS 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 announced its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.09. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share.
Shares of Restaurant Brands International (QSR) traded down $0.35 during trading hours on Monday, reaching $63.51. 1,620,411 shares of the company were exchanged, compared to its average volume of 1,185,989. The company has a debt-to-equity ratio of 2.70, a quick ratio of 3.38 and a current ratio of 3.45. The firm has a market capitalization of $15,168.83, a P/E ratio of 33.79, a P/E/G ratio of 1.40 and a beta of 1.69. Restaurant Brands International has a 1 year low of $47.60 and a 1 year high of $68.89.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 14th. Restaurant Brands International’s dividend payout ratio (DPR) is 57.93%.
In other news, CEO Daniel S. Schwartz sold 708,582 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were 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 is available at the SEC website. Also, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $64.70, for a total transaction of $262,073,431.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,056,166 shares of company stock valued at $327,220,722. Corporate insiders own 3.05% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of QSR. Atlantic Trust Group LLC purchased a new stake in Restaurant Brands International in the 3rd quarter worth approximately $1,175,000. RWC Asset Management LLP purchased a new stake in Restaurant Brands International in the 3rd quarter worth approximately $9,582,000. Alkeon Capital Management LLC grew its stake in Restaurant Brands International by 43.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 700,000 shares of the restaurant operator’s stock worth $44,716,000 after acquiring an additional 212,500 shares during the period. Argent Capital Management LLC purchased a new stake in Restaurant Brands International in the 3rd quarter worth approximately $33,235,000. Finally, Krilogy Financial LLC grew its stake in Restaurant Brands International by 2,938.5% in the 3rd quarter. Krilogy Financial LLC now owns 1,975 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 1,910 shares during the period. 78.35% of the stock is 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 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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