Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Tuesday, February 11th, Wall Street Journal reports. Shareholders of record on Monday, March 16th will be given a dividend of 0.52 per share by the restaurant operator on Friday, April 3rd. This represents a $2.08 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, March 13th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.50.
Restaurant Brands International has increased its dividend payment by an average of 38.7% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Restaurant Brands International has a dividend payout ratio of 70.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Restaurant Brands International to earn $3.26 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 63.8%.
Shares of NYSE QSR opened at $66.22 on Thursday. The firm has a 50-day simple moving average of $63.60 and a 200-day simple moving average of $68.74. The stock has a market capitalization of $19.60 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 3.18. Restaurant Brands International has a 52 week low of $60.58 and a 52 week high of $79.46.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Monday, February 10th. The restaurant operator reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Restaurant Brands International had a net margin of 11.48% and a return on equity of 32.40%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share. As a group, equities research analysts expect that Restaurant Brands International will post 2.98 EPS for the current year.
QSR has been the subject of a number of recent research reports. SunTrust Banks reduced their target price on shares of Restaurant Brands International from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Tuesday. Oppenheimer reiterated a “buy” rating and issued a $76.00 target price on shares of Restaurant Brands International in a research report on Monday. Stifel Nicolaus initiated coverage on shares of Restaurant Brands International in a research report on Thursday, December 12th. They issued a “hold” rating and a $68.00 target price for the company. Deutsche Bank reiterated a “buy” rating and issued a $71.00 target price on shares of Restaurant Brands International in a research report on Tuesday. Finally, Cowen increased their target price on shares of Restaurant Brands International from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Restaurant Brands International presently has an average rating of “Buy” and an average price target of $75.59.
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.
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