Restaurant Brands International (TSE:QSR) reports quarterly results, beats estimates by $0.01 per share

Restaurant Brands International (TSE:QSR – Free Report) (NYSE:QSR) announced its quarterly results on Thursday. The company reported earnings per share (EPS) of C$1.18 for the quarter, beating the consensus estimate of C$1.17 by C$0.01, reports said. Restaurant Brands International had a net margin of 17.17% and a return on equity of 38.68%. The company posted revenue of C$2.85 billion for the quarter, compared to analyst estimates of C$2.81 billion.

International trade in restaurant brands fell by 2.1%

QSR shares traded down C$2.05 on Friday, reaching C$96.77. The stock’s trading volume was 580,203 shares, compared to its average volume of 753,926. The company has a market cap of C$30.62 billion, a P/E ratio of 18.36, a PEG ratio of 2.22 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 299.34. Restaurant Brands International has a twelve-month low of C$84.73 and a twelve-month high of C$112.12. The company has a 50-day moving average price of CAD $96.32 and a 200-day moving average price of CAD $100.27.

Restaurant Brands International increases dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will receive a dividend of $0.801. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, September 20th. This represents an annualized dividend of $3.20 and a dividend yield of 3.31%. Restaurant Brands International’s payout ratio is 60.15%.

Wall Street analysts comment

Separately, Goldman Sachs Group upgraded shares of Restaurant Brands International to “strong buy” in a report on Thursday, June 13.

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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.