Q3 2018 EPS Estimates for Restaurant Brands International Inc Reduced by Oppenheimer (QSR)
Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) – Equities research analysts at Oppenheimer decreased their Q3 2018 EPS estimates for shares of Restaurant Brands International in a research note issued on Thursday, October 18th. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings per share of $0.65 for the quarter, down from their prior forecast of $0.66. Oppenheimer also issued estimates for Restaurant Brands International’s Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.63 EPS, FY2019 earnings at $2.78 EPS and FY2020 earnings at $3.03 EPS.
QSR has been the subject of several other research reports. ValuEngine raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the stock a “buy” rating in a research report on Thursday, September 20th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $70.00 price objective (up from $61.00) on shares of Restaurant Brands International in a research report on Wednesday, July 25th. Mizuho reaffirmed a “buy” rating and set a $67.00 price objective on shares of Restaurant Brands International in a research report on Friday, July 20th. Finally, KeyCorp began coverage on shares of Restaurant Brands International in a research report on Wednesday, October 3rd. They set an “overweight” rating and a $68.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $70.33.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, August 1st. The restaurant operator reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.02. Restaurant Brands International had a net margin of 13.68% and a return on equity of 28.10%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company posted $0.51 EPS. The firm’s revenue was up 18.6% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in QSR. Lenox Wealth Advisors LLC purchased a new stake in Restaurant Brands International in the second quarter valued at $103,000. Daiwa Securities Group Inc. purchased a new stake in Restaurant Brands International in the second quarter valued at $133,000. SG Americas Securities LLC purchased a new stake in Restaurant Brands International in the second quarter valued at $162,000. Northwestern Mutual Wealth Management Co. lifted its position in Restaurant Brands International by 56.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,722 shares of the restaurant operator’s stock valued at $225,000 after acquiring an additional 1,337 shares during the last quarter. Finally, KBC Group NV purchased a new stake in Restaurant Brands International in the second quarter valued at $265,000. 78.91% of the stock is owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 6th. This represents a $1.80 annualized dividend and a dividend yield of 3.14%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 85.71%.
About Restaurant Brands International
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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