What is Zacks Research's Forecast for QSR FY2024 Earnings?

Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR - Equities researchers at Zacks Research boosted their FY2024 EPS estimates for shares of Restaurant Brands International in a note issued to investors on Tuesday, November 19th. Zacks Research analyst M. Kaushik now expects that the restaurant operator will post earnings of $3.31 per share for the year, up from their previous forecast of $3.25. The consensus estimate for Restaurant Brands International's current full-year earnings is $3.31 per share. Zacks Research also issued estimates for Restaurant Brands International's Q4 2024 earnings at $0.79 EPS, Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.97 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $3.67 EPS, Q1 2026 earnings at $0.88 EPS, Q2 2026 earnings at $1.06 EPS and FY2026 earnings at $4.12 EPS.

Several other research firms also recently weighed in on QSR. Stifel Nicolaus dropped their target price on shares of Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating for the company in a research report on Thursday, November 14th. Wells Fargo & Company reduced their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. CIBC reduced their price target on shares of Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating for the company in a research note on Wednesday, November 6th. Bank of America boosted their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an "underperform" rating in a report on Tuesday, October 22nd. Finally, Argus dropped their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $82.37.

Restaurant Brands International Stock Down 0.4 %

Shares of QSR traded down $0.28 during midday trading on Friday, hitting $69.50. The company had a trading volume of 697,467 shares, compared to its average volume of 1,575,347. The company's 50 day moving average price is $70.23 and its 200 day moving average price is $70.13. The stock has a market cap of $22.50 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 2.26 and a beta of 0.94. Restaurant Brands International has a 52 week low of $65.87 and a 52 week high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.34%. Restaurant Brands International's dividend payout ratio (DPR) is presently 58.15%.

Insider Activity at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares of the company's stock, valued at approximately $2,551,594.77. This represents a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 185 shares during the period. Plato Investment Management Ltd acquired a new stake in Restaurant Brands International during the 3rd quarter valued at approximately $61,000. Crewe Advisors LLC increased its position in Restaurant Brands International by 78.8% during the 2nd quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator's stock valued at $75,000 after purchasing an additional 472 shares during the period. BNP Paribas Financial Markets increased its position in Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator's stock valued at $89,000 after purchasing an additional 203 shares during the period. Finally, Blue Trust Inc. increased its position in Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock valued at $98,000 after purchasing an additional 768 shares during the period. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Company Profile

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.