Restaurant Brands International Inc. Expected to Earn Q1 2024 Earnings of $0.73 Per Share (NYSE:QSR)

Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR - Analysts at Zacks Research decreased their Q1 2024 EPS estimates for shares of Restaurant Brands International in a research note issued to investors on Tuesday, April 2nd. Zacks Research analyst M. Kaushik now anticipates that the restaurant operator will post earnings per share of $0.73 for the quarter, down from their prior forecast of $0.74. The consensus estimate for Restaurant Brands International's current full-year earnings is $3.40 per share. Zacks Research also issued estimates for Restaurant Brands International's Q2 2024 earnings at $0.85 EPS, FY2024 earnings at $3.39 EPS, Q2 2025 earnings at $1.02 EPS and FY2025 earnings at $3.82 EPS.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.02. The company had revenue of $1.82 billion during 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% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS.

A number of other analysts have also commented on QSR. Stifel Nicolaus lifted their price target on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a "hold" rating in a research note on Thursday, January 4th. BMO Capital Markets boosted their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, February 14th. Evercore boosted their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. Scotiabank reduced their price target on shares of Restaurant Brands International from $81.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 14th. Finally, Stephens reiterated an "equal weight" rating and set a $75.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $82.30.

Restaurant Brands International Stock Down 0.0 %

NYSE:QSR traded down $0.02 on Friday, reaching $74.55. 1,379,971 shares of the stock traded hands, compared to its average volume of 1,445,492. The company has a market capitalization of $23.54 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.31 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. Restaurant Brands International has a 12 month low of $61.77 and a 12 month high of $83.29. The company's fifty day simple moving average is $78.24 and its 200 day simple moving average is $73.48.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Wednesday, March 20th. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.55. Restaurant Brands International's payout ratio is 61.54%.

Insiders Place Their Bets

In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the sale, the chief executive officer now owns 471,746 shares of the company's stock, valued at approximately $35,975,349.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Joshua Kobza sold 36,371 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the transaction, the chief executive officer now owns 471,746 shares of the company's stock, valued at approximately $35,975,349.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Dunnigan sold 14,565 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the transaction, the chief financial officer now directly owns 55,863 shares in the company, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock valued at $28,828,182 in the last 90 days. 1.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Aviva PLC increased its stake in Restaurant Brands International by 1.3% during the third quarter. Aviva PLC now owns 11,726 shares of the restaurant operator's stock worth $784,000 after purchasing an additional 149 shares during the period. Parallel Advisors LLC increased its stake in Restaurant Brands International by 24.1% during the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator's stock worth $62,000 after purchasing an additional 153 shares during the period. PNC Financial Services Group Inc. increased its stake in Restaurant Brands International by 2.7% during the third quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator's stock worth $423,000 after purchasing an additional 168 shares during the period. BNP Paribas Arbitrage SNC increased its stake in Restaurant Brands International by 35.8% during the second quarter. BNP Paribas Arbitrage SNC now owns 660 shares of the restaurant operator's stock worth $51,000 after purchasing an additional 174 shares during the period. Finally, Rise Advisors LLC increased its stake in Restaurant Brands International by 88.3% during the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 174 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

About Restaurant Brands International

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.