Restaurant Brands International Inc. (TSE:QSR) Expected to Earn Q3 2024 Earnings of $1.19 Per Share

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) – Investment analysts at Zacks Research decreased their Q3 2024 earnings estimates for shares of Restaurant Brands International in a research note issued to investors on Thursday, August 22nd. Zacks Research analyst M. Kaushik now anticipates that the company will post earnings per share of $1.19 for the quarter, down from their previous forecast of $1.27. The consensus estimate for Restaurant Brands International’s current full-year earnings is $6.44 per share. Zacks Research also issued estimates for Restaurant Brands International’s Q4 2024 earnings at $1.06 EPS, FY2024 earnings at $4.42 EPS, Q1 2025 earnings at $1.11 EPS, Q4 2025 earnings at $1.32 EPS and Q1 2026 earnings at $1.24 EPS.

Separately, The Goldman Sachs Group raised shares of Restaurant Brands International to a “strong-buy” rating in a report on Thursday, June 13th.

Restaurant Brands International Stock Down 2.1 %

QSR opened at C$95.06 on Monday. The company has a fifty day moving average price of C$96.69 and a 200-day moving average price of C$99.69. The firm has a market capitalization of C$30.14 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93. The company has a debt-to-equity ratio of 322.48, a current ratio of 0.78 and a quick ratio of 0.80. Restaurant Brands International has a one year low of C$84.73 and a one year high of C$112.12.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its quarterly earnings data on Thursday, August 8th. The company reported C$1.18 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.17 by C$0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 37.74%. The business had revenue of C$2.85 billion during the quarter, compared to analyst estimates of C$2.81 billion.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $0.801 dividend. The ex-dividend date is Friday, September 20th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a yield of 3.37%. Restaurant Brands International’s payout ratio is currently 58.50%.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.