Restaurant Brands International Inc (TSE:QSR) Expected to Earn Q3 2019 Earnings of $0.95 Per Share

Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) – Research analysts at SunTrust Banks lowered their Q3 2019 earnings estimates for Restaurant Brands International in a report released on Monday, April 29th, Zacks Investment Research reports. SunTrust Banks analyst J. Bartlett now anticipates that the company will post earnings of $0.95 per share for the quarter, down from their previous forecast of $0.97. SunTrust Banks also issued estimates for Restaurant Brands International’s Q4 2019 earnings at $1.01 EPS, FY2019 earnings at $3.62 EPS, Q2 2020 earnings at $1.02 EPS, Q4 2020 earnings at $1.12 EPS and FY2020 earnings at $4.02 EPS.

TSE:QSR traded down C$0.47 during trading hours on Thursday, hitting C$90.82. The company’s stock had a trading volume of 609,831 shares, compared to its average volume of 567,900. The stock has a market capitalization of $22.77 billion and a price-to-earnings ratio of 38.56. The company has a debt-to-equity ratio of 355.45, a quick ratio of 1.00 and a current ratio of 1.10. Restaurant Brands International has a 52-week low of C$68.34 and a 52-week high of C$92.38.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its quarterly earnings data on Monday, April 29th. The company reported C$0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.78 by C($0.05). The business had revenue of C$1.67 billion during the quarter, compared to analysts’ expectations of C$1.67 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th will be given a $0.668 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, June 14th. This represents a $2.67 annualized dividend and a yield of 2.94%. Restaurant Brands International’s dividend payout ratio is presently 78.56%.

About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Earnings History and Estimates for Restaurant Brands International (TSE:QSR)

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