FY2017 Earnings Forecast for Restaurant Brands International Inc Issued By Oppenheimer (TSE:QSR)

Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) – Equities research analysts at Oppenheimer cut their FY2017 earnings per share (EPS) estimates for Restaurant Brands International in a report released on Thursday, Zacks Investment Research reports. Oppenheimer analyst B. Bittner now forecasts that the company will earn $2.53 per share for the year, down from their prior forecast of $2.61. Oppenheimer also issued estimates for Restaurant Brands International’s Q4 2017 earnings at $0.73 EPS and FY2018 earnings at $3.59 EPS.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings results on Thursday, October 26th. The company reported C$0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.62 by C$0.10. Restaurant Brands International had a net margin of 20.42% and a return on equity of 18.07%.

A number of other research analysts have also recently weighed in on QSR. Royal Bank of Canada lifted their target price on shares of Restaurant Brands International to C$97.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Evercore reiterated an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$81.25.

Restaurant Brands International (QSR) opened at C$76.37 on Monday. Restaurant Brands International has a one year low of C$63.18 and a one year high of C$88.36. The firm has a market cap of $35,950.00, a price-to-earnings ratio of 83.01 and a beta of 1.32.

In other Restaurant Brands International news, insider José E. Cil sold 39,409 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of C$66.01, for a total value of C$2,601,388.09. Also, insider José E. Cil sold 38,480 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of C$65.00, for a total transaction of C$2,501,200.00. Insiders have sold a total of 109,358 shares of company stock worth $7,159,093 over the last quarter.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 15th were issued a dividend of $0.262 per share. This represents a $1.05 annualized dividend and a yield of 1.37%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, December 14th. Restaurant Brands International’s dividend payout ratio is presently 80.43%.

ILLEGAL ACTIVITY WARNING: This report was published by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://weekherald.com/2018/01/16/research-analysts-issue-forecasts-for-restaurant-brands-international-incs-fy2017-earnings-qsr.html.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Get a free copy of the Zacks research report on Restaurant Brands International (QSR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply