Restaurant Brands International (NYSE:QSR) Posts Quarterly Earnings Results, Misses Expectations By $0.29 EPS

Restaurant Brands International (NYSE:QSR) (TSE:QSR) posted its quarterly earnings data on Wednesday. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29), Zacks reports. Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%.

Restaurant Brands International Stock Down 1.8 %

QSR opened at $65.67 on Thursday. The firm’s 50 day simple moving average is $64.40 and its two-hundred day simple moving average is $68.08. The company has a market capitalization of $21.31 billion, a PE ratio of 16.46, a PEG ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a 1-year low of $59.67 and a 1-year high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Insider Activity

In other news, CFO Sami A. Siddiqui sold 5,579 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the transaction, the chief financial officer now owns 27,266 shares of the company’s stock, valued at $1,750,477.20. This trade represents a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock valued at $7,774,020 in the last 90 days. Company insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QSR. Barclays cut their target price on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday. TD Securities reissued a “buy” rating and set a $70.00 price objective on shares of Restaurant Brands International in a research report on Wednesday. TD Cowen reduced their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. KeyCorp dropped their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada cut their price target on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.00.

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.