Restaurant Brands International (QSR) Set to Announce Earnings on Thursday

Restaurant Brands International (TSE:QSRGet Rating) (NYSE:QSR) will post its quarterly earnings results before the market opens on Thursday, August 4th. Analysts expect Restaurant Brands International to post earnings of C$0.94 per share for the quarter.

Restaurant Brands International (TSE:QSRGet Rating) (NYSE:QSR) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported C$0.81 EPS for the quarter, beating the consensus estimate of C$0.77 by C$0.04. The firm had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$1.80 billion.

Restaurant Brands International Stock Performance

TSE QSR opened at C$66.69 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 367.76. Restaurant Brands International has a twelve month low of C$60.37 and a twelve month high of C$85.30. The stock has a market cap of C$20.59 billion and a PE ratio of 19.11. The stock has a fifty day simple moving average of C$65.26 and a 200-day simple moving average of C$69.58.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Investors of record on Wednesday, June 22nd were paid a $0.694 dividend. The ex-dividend date was 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 4.16%. Restaurant Brands International’s payout ratio is 61.03%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Stifel Nicolaus lowered Restaurant Brands International from a “buy” rating to a “hold” rating and dropped their target price for the company from C$68.00 to C$58.00 in a research note on Tuesday, May 3rd. Citigroup downgraded Restaurant Brands International to a “hold” rating and set a C$64.00 price target for the company. in a report on Monday, April 11th. Morgan Stanley cut their price objective on Restaurant Brands International to C$52.00 and set a “sell” rating on the stock in a research note on Monday, July 18th. Evercore ISI restated a “buy” rating and issued a C$75.00 target price on shares of Restaurant Brands International in a research report on Tuesday, May 31st. Finally, Bank of America reduced their price objective on Restaurant Brands International from C$81.67 to C$78.00 and set an “underperform” rating for the company in a research note on Tuesday, April 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$69.29.

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 for Restaurant Brands International (TSE:QSR)

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