Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) posted its quarterly earnings results on Thursday. The restaurant operator reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09, Briefing.com reports. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Restaurant Brands International had a return on equity of 34.25% and a net margin of 13.36%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share.
Restaurant Brands International Trading Up 0.8 %
QSR stock traded up $0.50 on Friday, hitting $59.59. 2,142,583 shares of the company were exchanged, compared to its average volume of 1,358,655. Restaurant Brands International has a twelve month low of $46.68 and a twelve month high of $65.64. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.92 and a quick ratio of 0.86. The business’s fifty day moving average is $51.50 and its two-hundred day moving average is $54.52. The stock has a market capitalization of $18.24 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.86 and a beta of 0.98.
Restaurant Brands International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 21st will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Tuesday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 82.44%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
QSR has been the topic of several research reports. Royal Bank of Canada lifted their target price on Restaurant Brands International from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Restaurant Brands International from $64.00 to $70.00 in a report on Friday. Credit Suisse Group lowered their target price on Restaurant Brands International from $73.00 to $68.00 in a report on Thursday, May 5th. Stifel Nicolaus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $68.00 to $58.00 in a research report on Wednesday, May 4th. Finally, Robert W. Baird upped their price target on Restaurant Brands International from $56.00 to $63.00 in a research report on Friday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Restaurant Brands International presently has an average rating of “Hold” and a consensus target price of $65.95.
About Restaurant Brands International
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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