Q2 2022 Earnings Estimate for Restaurant Brands International Inc. (NYSE:QSR) Issued By Jefferies Financial Group

Restaurant Brands International Inc. (NYSE:QSRGet Rating) (TSE:QSR) – Jefferies Financial Group dropped their Q2 2022 earnings estimates for Restaurant Brands International in a report released on Wednesday, May 4th. Jefferies Financial Group analyst A. Slagle now expects that the restaurant operator will earn $0.72 per share for the quarter, down from their previous estimate of $0.77. Jefferies Financial Group also issued estimates for Restaurant Brands International’s Q3 2022 earnings at $0.78 EPS, Q4 2022 earnings at $0.78 EPS, FY2022 earnings at $2.93 EPS and FY2023 earnings at $3.32 EPS.

A number of other equities analysts have also recently commented on the company. Royal Bank of Canada reduced their target price on Restaurant Brands International from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday. StockNews.com started coverage on shares of Restaurant Brands International in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley cut Restaurant Brands International from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $66.00 to $60.00 in a report on Friday, January 14th. Robert W. Baird reissued a “hold” rating and set a $62.00 target price on shares of Restaurant Brands International in a research note on Thursday, March 17th. Finally, Citigroup decreased their price target on shares of Restaurant Brands International from $64.00 to $58.00 in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $68.57.

NYSE QSR opened at $54.31 on Thursday. The company has a fifty day moving average of $57.74 and a 200 day moving average of $57.78. Restaurant Brands International has a 1 year low of $52.16 and a 1 year high of $70.74. The company has a market capitalization of $16.78 billion, a PE ratio of 20.11, a P/E/G ratio of 1.66 and a beta of 1.02. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.97 and a quick ratio of 0.92.

Restaurant Brands International (NYSE:QSRGet Rating) (TSE:QSR) last issued its quarterly earnings data on Tuesday, May 3rd. The restaurant operator reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Restaurant Brands International had a return on equity of 29.01% and a net margin of 14.60%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 22nd will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Tuesday, June 21st. Restaurant Brands International’s payout ratio is currently 80.00%.

In related news, insider Sami A. Siddiqui sold 14,600 shares of the firm’s stock in a transaction that occurred on Thursday, February 24th. The shares were sold at an average price of $55.00, for a total transaction of $803,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.88% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Boston Partners raised its stake in shares of Restaurant Brands International by 0.4% during the 3rd quarter. Boston Partners now owns 45,676 shares of the restaurant operator’s stock worth $2,795,000 after purchasing an additional 184 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Restaurant Brands International by 4.3% during the 4th quarter. Wetherby Asset Management Inc. now owns 4,575 shares of the restaurant operator’s stock valued at $278,000 after purchasing an additional 187 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Restaurant Brands International by 0.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 22,482 shares of the restaurant operator’s stock valued at $1,375,000 after purchasing an additional 190 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in Restaurant Brands International by 11.6% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,852 shares of the restaurant operator’s stock worth $112,000 after purchasing an additional 193 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its position in Restaurant Brands International by 6.6% during the first quarter. Avantax Advisory Services Inc. now owns 3,568 shares of the restaurant operator’s stock worth $211,000 after buying an additional 222 shares during the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.

Restaurant Brands International Company Profile (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 (NYSE:QSR)

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