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

Restaurant Brands International Inc. (NYSE:QSR – Get 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:QSR – Get 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.

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