Restaurant Brands International (NYSE:QSR) Releases Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Restaurant Brands International reported $0.94 earnings per share for the quarter, which missed the consensus estimate of $0.97 by $0.03.
• The company's revenue increased by 15.9% year-over-year, reaching $2.41 billion, exceeding analyst expectations of $2.33 billion.
• Restaurant Brands International has announced a quarterly dividend of $0.62 per share, representing a dividend yield of 3.8%.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR issued its quarterly earnings data on Thursday. The restaurant operator reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.03), Zacks reports. Restaurant Brands International had a return on equity of 29.83% and a net margin of 9.43%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the firm earned $0.86 EPS. Restaurant Brands International's revenue for the quarter was up 15.9% compared to the same quarter last year.

Restaurant Brands International Stock Down 0.8%

Shares of Restaurant Brands International stock traded down $0.53 during trading on Friday, reaching $64.54. 3,622,852 shares of the company traded hands, compared to its average volume of 2,059,973. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. Restaurant Brands International has a 1-year low of $58.71 and a 1-year high of $74.09. The company has a 50 day moving average price of $68.16 and a 200-day moving average price of $66.48. The firm has a market capitalization of $21.16 billion, a PE ratio of 24.45, a P/E/G ratio of 2.01 and a beta of 0.58.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's payout ratio is presently 93.94%.

Insider Activity

In related news, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the transaction, the insider owned 182,897 shares in the company, valued at $12,817,421.76. The trade was a 27.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Restaurant Brands International stock. AQR Capital Management LLC acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,552 shares of the restaurant operator's stock, valued at approximately $237,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on QSR. Royal Bank Of Canada dropped their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating for the company in a research note on Friday. Loop Capital reissued a "buy" rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Barclays decreased their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Friday. UBS Group decreased their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Truist Financial raised their target price on shares of Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of "Hold" and a consensus price target of $75.00.

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.

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