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

Restaurant Brands International (NYSE:QSR) (TSE:QSR) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Restaurant Brands International to post earnings of $0.73 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. Restaurant Brands International’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. On average, analysts expect Restaurant Brands International to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $73.31 on Tuesday. The stock has a market capitalization of $23.19 billion, a P/E ratio of 19.45, a PEG ratio of 2.15 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78. The firm’s 50 day moving average is $76.91 and its 200 day moving average is $74.06. Restaurant Brands International has a 12 month low of $61.77 and a 12 month high of $83.29.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.58 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Wednesday, March 20th. Restaurant Brands International’s dividend payout ratio is presently 61.54%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the sale, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $2,773,652.46. Following the completion of the sale, the chief executive officer now directly owns 471,746 shares of the company’s stock, valued at approximately $35,975,349.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock valued at $28,828,182 in the last quarter. Company insiders own 1.25% of the company’s stock.

Wall Street Analyst Weigh In

QSR has been the topic of a number of analyst reports. Piper Sandler decreased their target price on shares of Restaurant Brands International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. JPMorgan Chase & Co. upped their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Stephens reaffirmed an “equal weight” rating and set a $75.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 13th. TD Cowen reaffirmed a “buy” rating and set a $90.00 target price on shares of Restaurant Brands International in a report on Wednesday, April 10th. Finally, Truist Financial decreased their target price on shares of Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.25.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, 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 other food products.