Economy

$0.62 EPS Expected for Restaurant Brands International Inc (QSR)

Westpac Banking Corp now owns 1,933 shares of the restaurant operator's stock worth $108,000 after acquiring an additional 1,763 shares during the last quarter. Restaurant Brands International's revenue was up 8.9% compared to the same quarter past year. Moreover, Advisors Asset Management Inc. has 0.02% invested in the company for 93,923 shares. Provise Management Group Llc owns 60,495 shares or 0.14% of their United States portfolio. The firm owned 1,338,343 shares of the restaurant operator's stock after buying an additional 1,108,231 shares during the period. Think Investments Lp now owns 384,200 shares worth $24,028,000. The Missouri-based Benjamin F. Edwards & Company Inc. has invested 0.01% in the stock. About 33,974 shares traded. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of US & worldwide copyright legislation. Restaurant Brands International has a 1-year low of $42.35 and a 1-year high of $64.97. 63 funds opened positions while 140 raised stakes.

The P/E ratio is now 45.10 and the market cap of the company is 15.23B.

Restaurant Brands expects to use the proceeds from the offering of the September 2017 senior notes to redeem all of the issuers' outstanding 6.0% second lien senior secured notes due 2022, and to pay related premiums, fees and expenses. The firm has a 50 day moving average of $61.23 and a 200-day moving average of $59.10.

Analysts await Restaurant Brands International Inc (NYSE:QSR) to report earnings on October, 23. During the same quarter in the prior year, the company earned $0.41 EPS. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.14 billion. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The firm's revenue was up 8.9% compared to the same quarter previous year. The value of the investment in Restaurant Brands International decreased from $5,690,000 to $2,771,000 a change of $2,919,000 for the reporting period. The company recently declared a dividend for shareholders payable on Tuesday the 3rd of October 2017. Stockholders of record on Friday, September 15th will be given a $0.20 dividend. The dividend will be $0.200 per share for the quarter which is $0.80 annualized. The ex-dividend date is set for Thursday the 14th of September 2017. Westpac Banking Corp grew its holdings in Restaurant Brands International by 1,037.1% during the 1st quarter. Wells Fargo & Company MN boosted its position in shares of Restaurant Brands International by 3.6% during the first quarter. Accern also gave media headlines about the restaurant operator an impact score of 45.9094984633549 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term. The target implies a -6.63% decrease from where the shares are now trading.

Ali Hedayat, Director disclosed the purchase of 5,000 shares of QSR stock. Zacks Investment Research lowered shares of Restaurant Brands International from a "buy" rating to a "hold" rating in a report on Thursday.

Restaurant Brands International Inc. owns, operates, and franchises quick service restaurants under the Tim Hortons and Burger King brand names. BMO Capital Markets maintained the shares of QSR in report on Friday, October 14 with "Outperform" rating. Finally, Bank of America Corporation reaffirmed a "neutral" rating and issued a $62.00 price target (up previously from $58.00) on shares of Restaurant Brands International in a report on Tuesday, June 13th.

Among 10 analysts covering Gastar Exploration (NYSEMKT:GST), 4 have Buy rating, 0 Sell and 6 Hold. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. As of December 31, 2016, Restaurant Brands International Inc. owned or franchised a total of 4,613 Tim Hortons restaurants and 15,738 Burger King restaurants in approximately 100 countries and USA territories worldwide.



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