Economy

$0.49 EPS Expected for Restaurant Brands International Inc (QSR)

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $69.00 target price on shares of Restaurant Brands International in a research report on Monday, September 11th.

Taking a deeper look into the technical levels of Restaurant Brands International Inc (QSR), we can see that the Williams Percent Range or 14 day Williams %R now sits at -19.90. The company is scheduled to announce its next quarterly earnings report on Thursday, April 27th.

Restaurant Brands International Inc is a quick service restaurant (QSR) company. QSR's profit would be $114.24 million giving it 33.44 P/E if the $0.49 EPS is correct. BidaskClub raised Restaurant Brands International from a "sell" rating to a "hold" rating in a research report on Saturday, August 19th. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter a year ago, the business earned $0.32 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter past year. A number of analysts have commented on QSR shares. The value of the company's investment in Restaurant Brands International went from $5,489,000 to $4,397,000 a change of $1,092,000 since the last quarter. On September 7 the company was upgraded from "Neutral" to "Outperform" with a current price target of $74.00 by analysts at Credit Suisse. As per Wednesday, June 14, the company rating was upgraded by Oppenheimer. As per Monday, September 26, the company rating was downgraded by Longbow. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. The shares were acquired at an average price of C$77.50 per share, with a total value of C$155,000.00. Following the sale, the director now directly owns 160,587 shares in the company, valued at approximately $8,718,268.23. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Several hedge funds have recently added to or reduced their stakes in QSR. BNP Paribas Arbitrage SA increased its holdings in Restaurant Brands International by 10.2% during the 2nd quarter.

Shares of the company are trading at $64.86 just above $61.50, the stock's 50 day moving average and which is slightly above the 200 day moving average of $59.31.

As of the end of the quarter Pecaut & Co. had sold 28,181 shares trimming its stake by 28.6%. The stock saw a rise in short interest between August 15, 2017 and August 31, 2017 of 19.06%. Ironwood Investment Management LLC increased its holdings in Restaurant Brands International by 0.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator's stock valued at $197,000 after buying an additional 261 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Restaurant Brands International by 10.2% in the second quarter. State of Wisconsin Investment Board now owns 453,033 shares of the restaurant operator's stock worth $20,181,000 after buying an additional 24,900 shares during the last quarter. Institutional investors own 76.64% of the company's stock. The stock decreased 0.84% or $0.55 during the last trading session, reaching $65.03. 609,354 shares of the company were exchanged. The rating was maintained by RBC Capital Markets with "Buy" on Tuesday, July 25. Restaurant Brands International has a 12 month low of $39.28 and a 12 month high of $57.98. The company also declared a dividend payable on Tuesday the 3rd of October 2017. The dividend payment will be $0.200 per share for the quarter or $0.80 on an annualized basis. Restaurant Brands International Inc. This dividend represents a yield of $1.27 which is the dividend as a percentage of the current share price. Restaurant Brands International's payout ratio is presently 55.56%.

Shares of Restaurant Brands International (QSR) opened at 65.03 on Tuesday. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016.



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