Restaurant Brands International (NYSE:QSR) Posts Earnings Results, Beats Expectations By $0.01 EPS

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR issued its quarterly earnings results on Tuesday. The restaurant operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01, Briefing.com reports. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company earned $0.75 EPS. Restaurant Brands International's quarterly revenue was up 9.4% on a year-over-year basis.

Restaurant Brands International Trading Down 3.5 %

Shares of NYSE QSR traded down $2.64 during trading on Wednesday, hitting $73.21. 2,288,427 shares of the company were exchanged, compared to its average volume of 1,492,329. Restaurant Brands International has a 12-month low of $61.77 and a 12-month high of $83.29. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01. The company has a fifty day moving average price of $76.59 and a 200-day moving average price of $74.51. The firm has a market capitalization of $23.16 billion, a PE ratio of 19.42, a P/E/G ratio of 2.19 and a beta of 0.91.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 annualized dividend and a dividend yield of 3.17%. Restaurant Brands International's dividend payout ratio is presently 61.54%.

Insider Transactions at Restaurant Brands International

In other news, insider Jill Granat sold 80,332 shares of Restaurant Brands International stock in a transaction on Monday, February 26th. The stock was sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the transaction, the insider now owns 410,759 shares in the company, valued at approximately $31,299,835.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Joshua Kobza sold 36,371 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 $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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Granat sold 80,332 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $76.20, for a total value of $6,121,298.40. Following the sale, the insider now directly owns 410,759 shares of the company's stock, valued at $31,299,835.80. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock worth $28,828,182 in the last quarter. Company insiders own 1.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on QSR shares. CIBC cut their price target on shares of Restaurant Brands International from $88.00 to $87.00 and set an "outperform" rating on the stock in a report on Wednesday, January 17th. Scotiabank increased their price target on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday. TD Cowen reaffirmed a "buy" rating and set a $84.00 price objective on shares of Restaurant Brands International in a research note on Tuesday. Barclays raised their price objective on shares of Restaurant Brands International from $87.00 to $89.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Guggenheim raised their price objective on shares of Restaurant Brands International from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.39.

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.