Q1 2020 EPS Estimates for Restaurant Brands International Inc (TSE:QSR) Raised by Analyst

Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) – SunTrust Banks boosted their Q1 2020 earnings estimates for shares of Restaurant Brands International in a research report issued to clients and investors on Tuesday, February 11th. SunTrust Banks analyst J. Bartlett now forecasts that the company will post earnings per share of $0.83 for the quarter, up from their previous forecast of $0.82.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings results on Monday, February 10th. The company reported C$0.99 EPS for the quarter, topping analysts’ consensus estimates of C$0.95 by C$0.04. The company had revenue of C$1.95 billion during the quarter, compared to the consensus estimate of C$1.91 billion.

A number of other brokerages have also recently issued reports on QSR. Sanford C. Bernstein boosted their target price on shares of Restaurant Brands International from C$115.00 to C$117.00 in a report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a C$77.00 target price on shares of Restaurant Brands International in a report on Tuesday, December 10th.

Shares of QSR stock opened at C$87.75 on Thursday. The company’s fifty day simple moving average is C$83.48 and its two-hundred day simple moving average is C$90.76. The company has a debt-to-equity ratio of 345.14, a current ratio of 1.09 and a quick ratio of 1.01. Restaurant Brands International has a 1 year low of C$80.41 and a 1 year high of C$105.93. The stock has a market capitalization of $26.31 billion and a price-to-earnings ratio of 35.66.

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.

Read More: Why do analysts give a neutral rating?

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

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