Restaurant Brands International Inc. (TSE:QSR) to Post Q4 2022 Earnings of $0.98 Per Share, KeyCorp Forecasts

Restaurant Brands International Inc. (TSE:QSRGet Rating) (NYSE:QSR) – Equities research analysts at KeyCorp reduced their Q4 2022 EPS estimates for shares of Restaurant Brands International in a research report issued on Thursday, November 3rd. KeyCorp analyst E. Gonzalez now anticipates that the company will post earnings of $0.98 per share for the quarter, down from their prior estimate of $0.99. The consensus estimate for Restaurant Brands International’s current full-year earnings is $4.02 per share. KeyCorp also issued estimates for Restaurant Brands International’s Q1 2023 earnings at $0.88 EPS, Q2 2023 earnings at $1.04 EPS, Q3 2023 earnings at $1.18 EPS and Q4 2023 earnings at $1.11 EPS.

A number of other equities analysts have also recently commented on the stock. Morgan Stanley dropped their price objective on shares of Restaurant Brands International to C$52.00 and set a “sell” rating for the company in a research note on Monday, July 18th. Barclays lifted their price objective on shares of Restaurant Brands International from C$65.00 to C$68.00 in a research note on Friday. Argus reissued a “buy” rating and issued a C$67.00 price objective on shares of Restaurant Brands International in a research note on Wednesday, September 21st. Argus Capital raised shares of Restaurant Brands International to a “buy” rating and set a C$67.00 price target for the company in a research note on Tuesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a C$64.00 price target on shares of Restaurant Brands International in a research note on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Restaurant Brands International currently has an average rating of “Hold” and an average price target of C$66.44.

Restaurant Brands International Stock Performance

Shares of TSE QSR opened at C$81.85 on Monday. Restaurant Brands International has a 52-week low of C$60.37 and a 52-week high of C$82.61. The company has a market cap of C$25.05 billion and a P/E ratio of 22.86. The firm’s fifty day moving average is C$76.99 and its two-hundred day moving average is C$71.60. The company has a debt-to-equity ratio of 371.27, a quick ratio of 0.79 and a current ratio of 0.89.

Restaurant Brands International (TSE:QSRGet Rating) (NYSE:QSR) last announced its quarterly earnings results on Thursday, August 4th. The company reported C$1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.11. The company had revenue of C$2.09 billion during the quarter, compared to the consensus estimate of C$2.03 billion.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 21st will be issued a $0.736 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.69. This represents a $2.94 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Tuesday, December 20th. Restaurant Brands International’s dividend payout ratio is 59.78%.

Insider Activity

In related news, Senior Officer Matthew Dunnigan sold 15,000 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of C$76.07, for a total transaction of C$1,141,069.50. Following the sale, the insider now directly owns 41,449 shares of the company’s stock, valued at C$3,153,079.31.

About Restaurant Brands International

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

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