Q3 2019 EPS Estimates for Restaurant Brands International Inc (QSR) Raised by Analyst

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Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – Research analysts at SunTrust Banks lifted their Q3 2019 earnings estimates for Restaurant Brands International in a research report issued on Monday, February 11th. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $0.73 per share for the quarter, up from their prior forecast of $0.72. SunTrust Banks currently has a “Buy” rating and a $70.00 target price on the stock. SunTrust Banks also issued estimates for Restaurant Brands International’s Q4 2019 earnings at $0.77 EPS and Q4 2020 earnings at $0.85 EPS.

QSR has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research note on Monday, December 10th. Wells Fargo & Co decreased their price target on shares of Restaurant Brands International from $63.00 to $62.00 and set a “market perform” rating on the stock in a research note on Thursday, October 25th. UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the stock a “buy” rating in a research note on Thursday, October 18th. KeyCorp lifted their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Robert W. Baird reiterated a “buy” rating and set a $66.00 price target on shares of Restaurant Brands International in a research note on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. Restaurant Brands International has an average rating of “Buy” and a consensus price target of $69.21.

QSR opened at $64.46 on Wednesday. Restaurant Brands International has a fifty-two week low of $50.20 and a fifty-two week high of $65.59. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.27 and a current ratio of 1.34. The firm has a market cap of $16.16 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 1.85 and a beta of 1.44.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Monday, February 11th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Restaurant Brands International had a net margin of 12.76% and a return on equity of 28.42%. Restaurant Brands International’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $0.66 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Thursday, March 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.45. Restaurant Brands International’s payout ratio is currently 85.71%.

Several large investors have recently modified their holdings of the company. Prudential PLC boosted its stake in shares of Restaurant Brands International by 1.3% in the 4th quarter. Prudential PLC now owns 150,400 shares of the restaurant operator’s stock valued at $7,866,000 after purchasing an additional 1,947 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of Restaurant Brands International by 33.9% in the 4th quarter. Natixis Advisors L.P. now owns 13,832 shares of the restaurant operator’s stock valued at $723,000 after purchasing an additional 3,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Restaurant Brands International by 39.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 19,248 shares of the restaurant operator’s stock valued at $1,007,000 after purchasing an additional 5,401 shares in the last quarter. Korea Investment CORP boosted its stake in shares of Restaurant Brands International by 9.2% in the 4th quarter. Korea Investment CORP now owns 16,635 shares of the restaurant operator’s stock valued at $869,000 after purchasing an additional 1,406 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Restaurant Brands International by 7.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,765,962 shares of the restaurant operator’s stock valued at $92,216,000 after purchasing an additional 124,725 shares in the last quarter. Institutional investors own 81.09% of the company’s stock.

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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