Restaurant Brands International Inc. (NYSE:QSR) Expected to Post Q3 2023 Earnings of $0.80 Per Share

Restaurant Brands International Inc. (NYSE:QSR – Get Rating) (TSE:QSR) – Investment analysts at Zacks Research lowered their Q3 2023 earnings per share (EPS) estimates for shares of Restaurant Brands International in a research report issued to clients and investors on Tuesday, May 16th. Zacks Research analyst M. Kaushik now anticipates that the restaurant operator will post earnings per share of $0.80 for the quarter, down from their previous estimate of $0.81. The consensus estimate for Restaurant Brands International’s current full-year earnings is $3.06 per share. Zacks Research also issued estimates for Restaurant Brands International’s Q4 2024 earnings at $0.78 EPS, Q1 2025 earnings at $0.69 EPS and FY2025 earnings at $3.45 EPS.

A number of other research analysts have also issued reports on QSR. Robert W. Baird boosted their price objective on Restaurant Brands International from $66.00 to $74.00 in a research report on Wednesday, May 3rd. Scotiabank assumed coverage on Restaurant Brands International in a research report on Tuesday, March 28th. They set a “sector outperform” rating and a $72.00 price objective for the company. Truist Financial boosted their price target on Restaurant Brands International from $78.00 to $80.00 in a research report on Wednesday, May 3rd. BMO Capital Markets boosted their price target on Restaurant Brands International from $72.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 15th. Finally, Evercore ISI boosted their price target on Restaurant Brands International from $75.00 to $80.00 in a research report on Wednesday, May 3rd. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.13.

Restaurant Brands International Trading Down 0.1 %

NYSE:QSR opened at $73.26 on Friday. Restaurant Brands International has a 12-month low of $46.68 and a 12-month high of $74.20. The firm has a market capitalization of $22.80 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.72 and a beta of 0.98. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.01 and a quick ratio of 0.93. The business has a 50 day simple moving average of $67.75 and a 200 day simple moving average of $66.14.

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last posted its quarterly earnings data on Tuesday, May 2nd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.12. Restaurant Brands International had a return on equity of 35.70% and a net margin of 15.26%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the business earned $0.64 EPS. Restaurant Brands International’s revenue for the quarter was up 9.6% compared to the same quarter last year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 22nd will be paid a $0.55 dividend. The ex-dividend date is Wednesday, June 21st. This represents a $2.20 annualized dividend and a yield of 3.00%. Restaurant Brands International’s dividend payout ratio is 67.07%.

Insider Buying and Selling at Restaurant Brands International

In other news, CEO Jose E. Cil sold 264,461 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $65.64, for a total value of $17,359,220.04. Following the transaction, the chief executive officer now owns 187,414 shares of the company’s stock, valued at $12,301,854.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Restaurant Brands International news, insider Axel Mr Schwan sold 34,000 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $71.25, for a total transaction of $2,422,500.00. Following the completion of the sale, the insider now directly owns 106,305 shares in the company, valued at $7,574,231.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jose E. Cil sold 264,461 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $65.64, for a total value of $17,359,220.04. Following the completion of the transaction, the chief executive officer now owns 187,414 shares of the company’s stock, valued at $12,301,854.96. The disclosure for this sale can be found here. Insiders have sold 321,233 shares of company stock worth $21,431,501 over the last 90 days. Company insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QSR. Aspire Private Capital LLC boosted its stake in Restaurant Brands International by 175.9% during the 4th quarter. Aspire Private Capital LLC now owns 298 shares of the restaurant operator’s stock valued at $19,271,660,000 after purchasing an additional 190 shares during the last quarter. North Star Investment Management Corp. bought a new position in shares of Restaurant Brands International during the 1st quarter worth approximately $26,000. Spire Wealth Management lifted its position in shares of Restaurant Brands International by 378.4% during the 4th quarter. Spire Wealth Management now owns 421 shares of the restaurant operator’s stock worth $27,000 after buying an additional 333 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Restaurant Brands International during the 3rd quarter worth approximately $27,000. Finally, RFP Financial Group LLC bought a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $32,000. 77.87% of the stock is owned by institutional investors.

About Restaurant Brands International

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Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.