Jefferies Financial Group Comments on Restaurant Brands International Inc.’s Q2 2022 Earnings (TSE:QSR)

Restaurant Brands International Inc. (TSE:QSR – Get Rating) (NYSE:QSR) – Investment analysts at Jefferies Financial Group reduced their Q2 2022 EPS estimates for shares of Restaurant Brands International in a note issued to investors on Wednesday, May 4th. Jefferies Financial Group analyst A. Slagle now expects that the company will post earnings of $0.92 per share for the quarter, down from their previous estimate of $0.96. Jefferies Financial Group also issued estimates for Restaurant Brands International’s Q3 2022 earnings at $1.00 EPS, FY2022 earnings at $3.75 EPS and FY2023 earnings at $4.25 EPS.

Restaurant Brands International (TSE:QSR – Get 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 business had revenue of C$1.95 billion during the quarter, compared to analysts’ expectations of C$1.87 billion.

QSR has been the subject of a number of other research reports. Evercore ISI started coverage on Restaurant Brands International in a research report on Tuesday, March 8th. They issued a “buy” rating and a C$75.00 target price for the company. Robert W. Baird initiated coverage on Restaurant Brands International in a research report on Thursday, March 17th. They issued a “hold” rating and a C$78.50 target price for the company. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Restaurant Brands International from C$75.00 to C$72.00 and set a “buy” rating for the company in a research report on Thursday, February 17th. Citigroup lowered shares of Restaurant Brands International to a “hold” rating and set a C$64.00 price target for the company. in a research report on Monday, April 11th. Finally, Oppenheimer reaffirmed a “buy” rating and set a C$70.00 price target on shares of Restaurant Brands International in a research report on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of “Hold” and an average target price of C$73.26.

Shares of TSE:QSR opened at C$69.18 on Thursday. Restaurant Brands International has a fifty-two week low of C$66.87 and a fifty-two week high of C$86.09. The business has a 50-day simple moving average of C$73.05 and a two-hundred day simple moving average of C$73.18. The company has a debt-to-equity ratio of 383.47, a quick ratio of 0.87 and a current ratio of 0.97. The firm has a market cap of C$21.38 billion and a price-to-earnings ratio of 20.20.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 22nd will be paid a dividend of $0.694 per share. The ex-dividend date is Tuesday, June 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.69. This represents a $2.78 dividend on an annualized basis and a dividend yield of 4.01%. Restaurant Brands International’s payout ratio is 61.90%.

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.

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