Restaurant Brands International (TSE:QSR) Reaches New 1-Year Low – Here’s What Happened

Restaurant Brands International Inc. (TSE:QSRGet Free Report) (NYSE:QSR)’s share price hit a new 52-week low on Wednesday . The company traded as low as C$86.06 and last traded at C$86.50, with a volume of 53230 shares changing hands. The stock had previously closed at C$87.01.

Restaurant Brands International Trading Up 1.5 %

The company has a debt-to-equity ratio of 322.48, a current ratio of 0.78 and a quick ratio of 0.80. The company has a market cap of C$28.63 billion, a P/E ratio of 16.08, a P/E/G ratio of 2.22 and a beta of 0.95. The stock’s 50-day moving average is C$94.29 and its two-hundred day moving average is C$95.62.

Restaurant Brands International (TSE:QSRGet Free Report) (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). Restaurant Brands International had a return on equity of 37.74% and a net margin of 16.99%. The firm had revenue of C$3.13 billion during the quarter, compared to analysts’ expectations of C$3.15 billion. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 7.3241225 earnings per share 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 of this dividend was Friday, December 20th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.55%. Restaurant Brands International’s dividend payout ratio is currently 57.09%.

Insider Activity

In other news, Director Vicente Tome sold 1,990 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$96.66, for a total transaction of C$192,345.44. Also, Director Joseph Patrick Doyle sold 42,052 shares of the company’s stock in a transaction 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. Insiders sold 66,735 shares of company stock valued at $6,459,478 in the last quarter. 1.24% of the stock is currently owned by insiders.

Restaurant Brands International Company Profile

(Get Free Report)

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.

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