Research Analysts Issue Forecasts for Restaurant Brands International Inc’s FY2017 Earnings (QSR)
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) – Investment analysts at Oppenheimer reduced their FY2017 earnings per share estimates for shares of Restaurant Brands International in a note issued to investors on Thursday. Oppenheimer analyst B. Bittner now anticipates that the company will post earnings of $2.53 per share for the year, down from their prior estimate of $2.61. Oppenheimer also issued estimates for Restaurant Brands International’s Q4 2017 earnings at $0.73 EPS and FY2018 earnings at $3.59 EPS.
Other analysts also recently issued reports about the company. Evercore ISI reaffirmed an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. Evercore reaffirmed an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. Finally, Royal Bank of Canada lifted their price target on Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$81.25.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th were issued a dividend of $0.262 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.34%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, December 14th. Restaurant Brands International’s payout ratio is 81.32%.
In other news, insider José E. Cil sold 39,409 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of C$66.01, for a total value of C$2,601,388.09. Also, insider José E. Cil sold 20,449 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of C$65.00, for a total value of C$1,329,185.00. Insiders have sold a total of 109,358 shares of company stock valued at $7,159,093 over the last ninety days.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://theolympiareport.com/2018/01/09/research-analysts-issue-forecasts-for-restaurant-brands-international-incs-fy2017-earnings-qsr.html.
About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.