Oppenheimer Equities Analysts Lower Earnings Estimates for Restaurant Brands International Inc. (TSE:QSR)

Restaurant Brands International Inc. (TSE:QSRGet Rating) (NYSE:QSR) – Research analysts at Oppenheimer lowered their Q4 2022 earnings per share (EPS) estimates for Restaurant Brands International in a note issued to investors on Monday, April 25th. Oppenheimer analyst B. Bittner now anticipates that the company will post earnings of $1.02 per share for the quarter, down from their previous forecast of $1.03. Oppenheimer currently has a “Buy” rating and a $70.00 target price on the stock.

Restaurant Brands International (TSE:QSRGet Rating) (NYSE:QSR) last issued its earnings results on Tuesday, February 15th. The company reported C$0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.87 by C$0.06. The firm had revenue of C$1.95 billion for the quarter, compared to analyst estimates of C$1.87 billion.

Several other equities analysts also recently commented on QSR. Morgan Stanley reiterated a “sell” rating and issued a C$60.00 price objective on shares of Restaurant Brands International in a report on Wednesday, February 16th. UBS Group reaffirmed a “buy” rating and set a C$77.00 price objective on shares of Restaurant Brands International in a research report on Thursday, February 10th. Piper Sandler downgraded Restaurant Brands International to a “hold” rating and set a C$60.00 target price for the company. in a research note on Monday, January 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on Restaurant Brands International from C$75.00 to C$72.00 and set a “buy” rating for the company in a research note on Thursday, February 17th. Finally, Robert W. Baird started coverage on Restaurant Brands International in a research note on Thursday, March 17th. They issued a “hold” rating and a C$78.50 price objective for the company. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$74.17.

TSE:QSR opened at C$74.72 on Tuesday. Restaurant Brands International has a one year low of C$68.17 and a one year high of C$87.32. The company has a market cap of C$23.14 billion and a P/E ratio of 22.03. The firm’s fifty day moving average price is C$73.01 and its two-hundred day moving average price is C$73.43. The company has a debt-to-equity ratio of 383.47, a current ratio of 0.97 and a quick ratio of 0.87.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 6th. Shareholders of record on Wednesday, March 23rd were issued a dividend of $0.686 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 3.67%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, March 22nd. Restaurant Brands International’s dividend payout ratio is presently 62.50%.

About Restaurant Brands International (Get Rating)

Restaurant Brands International Inc operates as quick service restaurant company in Canada and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and others.

See Also

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

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