Zacks Research Issues Positive Forecast for TSE:QSR Earnings

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) – Investment analysts at Zacks Research increased their FY2024 earnings estimates for Restaurant Brands International in a research note issued to investors on Wednesday, January 22nd. Zacks Research analyst M. Kaushik now expects that the company will post earnings of $4.75 per share for the year, up from their prior forecast of $4.63. The consensus estimate for Restaurant Brands International’s current full-year earnings is $7.32 per share. Zacks Research also issued estimates for Restaurant Brands International’s Q4 2024 earnings at $1.13 EPS, Q1 2025 earnings at $1.15 EPS, Q2 2025 earnings at $1.39 EPS, Q2 2026 earnings at $1.51 EPS, Q3 2026 earnings at $1.71 EPS and FY2026 earnings at $5.86 EPS.

Separately, Guggenheim raised Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a report on Friday.

Restaurant Brands International Trading Up 0.7 %

TSE QSR opened at C$89.05 on Friday. Restaurant Brands International has a twelve month low of C$86.06 and a twelve month high of C$112.12. The business’s fifty day moving average is C$94.02 and its 200 day moving average is C$95.54. The company has a quick ratio of 0.80, a current ratio of 0.78 and a debt-to-equity ratio of 322.48. The company has a market cap of C$28.82 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.29 by C($0.02). Restaurant Brands International had a return on equity of 37.74% and a net margin of 16.99%. The company had revenue of C$3.13 billion for the quarter, compared to analyst estimates of C$3.15 billion.

Insider Activity at Restaurant Brands International

In related news, Senior Officer Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$99.98, for a total value of C$1,061,111.09. Also, Director Vicente Tome sold 1,990 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$96.66, for a total value of C$192,345.44. Insiders sold 66,735 shares of company stock valued at $6,459,478 in the last three months. Corporate insiders own 1.24% of the company’s stock.

Restaurant Brands International Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were issued a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s payout ratio is 57.09%.

About Restaurant Brands International

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations.