Restaurant Brands International Inc. (TSE:QSR – Get Rating) (NYSE:QSR) – Equities research analysts at Oppenheimer boosted their Q1 2023 earnings estimates for Restaurant Brands International in a research report issued on Friday, April 28th. Oppenheimer analyst B. Bittner now anticipates that the company will post earnings per share of $0.85 for the quarter, up from their previous estimate of $0.84. Oppenheimer has a "Buy" rating and a $81.00 price target on the stock. The consensus estimate for Restaurant Brands International's current full-year earnings is $5.81 per share. Oppenheimer also issued estimates for Restaurant Brands International's Q2 2023 earnings at $1.06 EPS, Q3 2023 earnings at $1.17 EPS, Q4 2023 earnings at $1.10 EPS and FY2024 earnings at $4.66 EPS.
Get Restaurant Brands International alerts:Restaurant Brands International (TSE:QSR – Get Rating) (NYSE:QSR) last issued its quarterly earnings results on Tuesday, February 14th. The company reported C$0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.96 by C$0.02. Restaurant Brands International had a net margin of 15.50% and a return on equity of 36.50%. The company had revenue of C$2.29 billion during the quarter, compared to the consensus estimate of C$2.25 billion.
Several other research analysts also recently weighed in on the stock. KeyCorp raised shares of Restaurant Brands International from a "sector perform" rating to an "outperform" rating in a research note on Thursday, February 16th. Royal Bank of Canada reduced their target price on Restaurant Brands International from C$83.00 to C$81.00 and set an "outperform" rating for the company in a research note on Thursday, February 16th. Finally, Cfra increased their target price on Restaurant Brands International from C$90.00 to C$93.00 in a research report on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$69.67.
Restaurant Brands International Price Performance
Shares of TSE QSR opened at C$94.98 on Monday. The firm has a market capitalization of C$29.55 billion, a P/E ratio of 21.39, a PEG ratio of 1.47 and a beta of 0.99. Restaurant Brands International has a one year low of C$60.37 and a one year high of C$95.14. The company's fifty day moving average is C$88.73 and its two-hundred day moving average is C$87.37. The company has a debt-to-equity ratio of 338.36, a quick ratio of 0.80 and a current ratio of 0.97.
Restaurant Brands International Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 5th. Shareholders of record on Wednesday, April 5th were issued a dividend of $0.732 per share. This represents a $2.93 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Tuesday, March 21st. Restaurant Brands International's dividend payout ratio is currently 66.67%.
About Restaurant Brands International
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Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.
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