Piper Jaffray Analysts Cut Earnings Estimates for Restaurant Brands International (QSR)

Restaurant Brands International (TSE:QSR) (NYSE:QSR) – Stock analysts at Piper Jaffray decreased their Q1 2018 earnings estimates for Restaurant Brands International in a research report issued to clients and investors on Sunday, April 15th. Piper Jaffray analyst N. Regan now anticipates that the company will post earnings per share of $0.72 for the quarter, down from their previous estimate of $0.73. Piper Jaffray also issued estimates for Restaurant Brands International’s Q2 2018 earnings at $0.88 EPS and FY2018 earnings at $3.42 EPS.

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Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings results on Monday, February 12th. The company reported C$0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.72 by C$0.12. Restaurant Brands International had a return on equity of 72.64% and a net margin of 46.86%. The firm had revenue of C$1.57 billion during the quarter, compared to the consensus estimate of C$1.59 billion.

A number of other equities research analysts also recently issued reports on QSR. BMO Capital Markets set a C$72.00 price target on Restaurant Brands International and gave the company an “outperform” rating in a research report on Thursday, February 1st. Cowen decreased their target price on Restaurant Brands International from C$72.00 to C$69.00 in a research report on Tuesday, February 13th. Six investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of C$81.00.

QSR stock opened at C$68.76 on Tuesday. Restaurant Brands International has a 12-month low of C$68.56 and a 12-month high of C$88.36.

In related news, insider Heitor Goncalves sold 5,497 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of C$59.02, for a total value of C$324,432.94. Also, Director Ali Hedayat purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average price of C$72.86 per share, for a total transaction of C$364,300.00. Insiders sold 148,788 shares of company stock valued at $8,773,280 in the last ninety days.

The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were given a $0.554 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 14th. This represents a $2.22 annualized dividend and a dividend yield of 3.22%.

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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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