Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) announced a quarterly dividend on Thursday, August 8, Zacks reports. Shareholders of record on Friday, September 20 will receive a dividend of $0.58 per share from the restaurant operator on Friday, October 4. This represents an annualized dividend of $2.32 and a yield of 3.29%. The ex-dividend date of this dividend is Friday, September 20.
Restaurant Brands International has increased its dividend by an average of 1.9% annually over the past three years. Restaurant Brands International has a payout ratio of 59.9%, suggesting that the dividend is adequately covered by earnings. Equity analysts expect Restaurant Brands International to generate $3.83 per share next year. This means that the company should continue to be able to cover its annual dividend of $2.32, with the expected future payout ratio coming in at 60.6%.
International trade in restaurant brands fell by 2.0%
NYSE QSR shares fell $1.42 during trading hours on Friday, reaching $70.51. 1,652,602 shares of the company traded hands, compared to an average volume of 1,635,205. The stock has a market cap of $22.34 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. The company’s 50-day moving average price is $70.19 and its 200-day moving average price is $73.55. Restaurant Brands International has a 12-month low of $61.77 and a 12-month high of $83.29.
Restaurant Brands International (NYSE:QSR – Free Report) (TSE:QSR) released its last earnings results on Thursday, August 8. The restaurant operator reported earnings per share of $0.86 for the quarter, beating the consensus estimate of $0.85 by $0.01. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. On average, equities analysts expect that Restaurant Brands International will report earnings per share of $3.37 for the current fiscal year.
Changes in analyst ratings
Several equities analysts have commented on QSR shares. Robert W. Baird raised their price target on Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price target on shares of Restaurant Brands International in a research note on Friday. TD Securities raised their price target on Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Wells Fargo & Company lowered their price target on Restaurant Brands International from $80.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday. Finally, The Goldman Sachs Group assumed coverage on Restaurant Brands International in a research note on Thursday, June 13th. They issued a “buy” rating and an $80.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have a hold rating and nineteen have given a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.48.
Check out our latest research report on QSR
Restaurant Brands International Company Profile
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Restaurant Brands International Inc. is 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 operates the TH chain of doughnut/coffee/tea restaurants that offer coffee blends, tea and hot and cold espresso-based specialty beverages, as well as fresh baked goods, including doughnuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups and other food items.
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