Piper Jaffray Companies Research Analysts Lower Earnings Estimates for Restaurant Brands International (QSR)

Restaurant Brands International (TSE:QSR) (NYSE:QSR) – Equities researchers at Piper Jaffray Companies cut their FY2020 earnings estimates for shares of Restaurant Brands International in a research note issued to investors on Sunday, May 13th, according to Zacks Investment Research. Piper Jaffray Companies analyst N. Regan now anticipates that the company will post earnings of $4.16 per share for the year, down from their previous estimate of $4.17.

A number of other brokerages also recently issued reports on QSR. BMO Capital Markets dropped their price objective on Restaurant Brands International from C$72.00 to C$70.00 in a research note on Tuesday, February 13th. Cowen dropped their price objective on Restaurant Brands International from C$72.00 to C$69.00 in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$74.67.

Shares of Restaurant Brands International opened at C$73.47 on Tuesday, Marketbeat.com reports. Restaurant Brands International has a 1 year low of C$67.55 and a 1 year high of C$88.36.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last announced its quarterly earnings data on Tuesday, April 24th. The company reported C$0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.12. The company had revenue of C$1.58 billion for the quarter, compared to the consensus estimate of C$1.43 billion. Restaurant Brands International had a return on equity of 72.64% and a net margin of 46.86%.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Tuesday, May 15th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.16%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, May 14th.

In related news, insider Heitor Goncalves sold 53,249 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$59.04, for a total value of C$3,143,820.96. Insiders sold a total of 110,518 shares of company stock valued at $6,501,475 over the last ninety days.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Earnings History and Estimates for Restaurant Brands International (TSE:QSR)

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