FY2024 EPS Estimates for TSE:QSR Lifted by Zacks Research

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) – Stock analysts at Zacks Research raised their FY2024 earnings per share estimates for Restaurant Brands International in a research note issued on Wednesday, January 22nd. Zacks Research analyst M. Kaushik now anticipates that the company will post earnings per share of $4.75 for the year, up from their previous estimate of $4.63. The consensus estimate for Restaurant Brands International’s current full-year earnings is $7.32 per share. Zacks Research also issued estimates for Restaurant Brands International’s Q4 2024 earnings at $1.13 EPS, Q1 2025 earnings at $1.15 EPS, Q2 2025 earnings at $1.39 EPS, Q2 2026 earnings at $1.51 EPS, Q3 2026 earnings at $1.71 EPS and FY2026 earnings at $5.86 EPS.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its earnings results on Tuesday, November 5th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.29 by C($0.02). Restaurant Brands International had a net margin of 16.99% and a return on equity of 37.74%. The business had revenue of C$3.13 billion during the quarter, compared to analyst estimates of C$3.15 billion.

Restaurant Brands International Stock Up 0.7 %

QSR opened at C$89.05 on Friday. The business has a 50 day moving average of C$94.16 and a 200-day moving average of C$95.58. The stock has a market capitalization of C$28.82 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 2.22 and a beta of 0.95. The company has a current ratio of 0.78, a quick ratio of 0.80 and a debt-to-equity ratio of 322.48. Restaurant Brands International has a 1-year low of C$86.06 and a 1-year high of C$112.12.

Insiders Place Their Bets

In related news, Director Joseph Patrick Doyle sold 42,052 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$96.16, for a total value of C$4,043,728.73. Also, Director Vicente Tome sold 1,990 shares of Restaurant Brands International stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$96.66, for a total transaction of C$192,345.44. Insiders have sold 66,735 shares of company stock worth $6,459,478 in the last ninety days. Insiders own 1.24% of the company’s stock.

Restaurant Brands International Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were issued a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 57.09%.

About Restaurant Brands International

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations.