Restaurant Brands International Inc. Reports Third Quarter 2016 Results
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RBC Capital Raises Price Target on Restaurant Brands (QSR) to $54
October 25, 2016 7:01 AM EDTRBC Capital reiterated an Outperform rating on Restaurant Brands International (NYSE: QSR), and raised the price target to $54.00 (from $49.00), following the company's 3Q earnings report. 2016 and 2017 EPS estimates were raised from $1.49 and $1.69 to $1.54 (cons. $1.54) and $1.72 (cons. $1.77), respectively.
Analyst David Palmer commented,... More
Restaurant Brands (QSR) Misses Q3 EPS by 5c
October 24, 2016 6:46 AM EDTRestaurant Brands (NYSE: QSR) reported Q3 EPS of $0.36, $0.05 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.06 billion.
Tim Hortons ("TH") comparable sales increased 2.0% and Burger King ("BK") comparable sales increased 1.7% in constant... More