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

Restaurant Brands International Inc. (TSE:QSRGet 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: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 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.

Further Reading

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

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