Restaurant Brands International (TSE:QSR) Reaches New 12-Month Low – What’s Next?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$86.46 and last traded at C$86.67, with a volume of 160467 shares trading hands. The stock had previously closed at C$87.71.

Restaurant Brands International Trading Down 1.1 %

The stock has a 50 day simple moving average of C$95.44 and a 200-day simple moving average of C$96.03. The firm has a market capitalization of C$28.08 billion, a P/E ratio of 15.77, a P/E/G ratio of 2.22 and a beta of 0.95. The company has a current ratio of 0.78, a quick ratio of 0.80 and a debt-to-equity ratio of 322.48.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.29 by C($0.02). The firm had revenue of C$3.13 billion for the quarter, compared to the consensus estimate of C$3.15 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 37.74%. On average, equities research analysts forecast that Restaurant Brands International Inc. will post 7.3241225 EPS for the current fiscal year.

Restaurant Brands International Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.785 per share. The ex-dividend date was Friday, December 20th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.62%. Restaurant Brands International’s dividend payout ratio is currently 57.09%.

Insider Activity

In related news, Director Joseph Patrick Doyle sold 42,052 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$96.16, for a total value of C$4,043,728.73. Also, Senior Officer Jill Granat sold 10,613 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$99.98, for a total value of C$1,061,111.09. Insiders have sold a total of 66,735 shares of company stock valued at $6,459,478 in the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations.