FY2024 EPS Estimates for TSE:QSR Increased by Zacks Research

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) – Analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of Restaurant Brands International in a research note issued to investors on Wednesday, January 22nd. Zacks Research analyst M. Kaushik now expects that the company will post earnings per share of $4.75 for the year, up from their prior forecast 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 Stock Up 0.7 %

Shares of Restaurant Brands International stock opened at C$89.05 on Friday. Restaurant Brands International has a 1 year low of C$86.06 and a 1 year high of C$112.12. The company has a market cap of C$28.82 billion, a P/E 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. The stock has a 50-day moving average price of C$94.16 and a 200 day moving average price of C$95.58.

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 analysts’ expectations of C$3.15 billion.

Restaurant Brands International Cuts Dividend

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

Insider Buying and Selling

In other news, Director Joseph Patrick Doyle sold 42,052 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$96.16, for a total transaction of C$4,043,728.73. Also, Director Vicente Tome sold 1,990 shares of Restaurant Brands International stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$96.66, for a total value of C$192,345.44. Over the last three months, insiders sold 66,735 shares of company stock worth $6,459,478. 1.24% of the stock is owned by company insiders.

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.