Restaurant Brands International Inc(NYSE:QSR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.111B. Analysts estimated a revenue of $1.100B. The revenues were 1% above the estimates. Earnings per share were $0.44. The reported EPS was above estimates by 4.76%. Analysts had estimated an EPS of $0.42.
Restaurant Brands International Inc (QSR) shares turned negative on Wednesdays trading session with the shares closing down -1.59 points or -2.76% at a volume of 13,25,471. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $57.49. The peak price level was also seen at $57.49 while the days lowest was $55.85. Finally the shares closed at $56.01. The 52-week high of the shares is $57.98 while the 52-week low is $31.58. According to the latest information available, the market cap of the company is $13,142 M.
Several Insider Transactions has been reported to the SEC. On Sep 12, 2016, Motta Roberto Moses Thompson (director) purchased 22,000 shares at $46.98 per share price.Also, On Aug 15, 2016, Ali Hedayat (director) purchased 5,000 shares at $47.73 per share price.On May 6, 2016, Marc Caira (director) sold 100,000 shares at $43.02 per share price, according to the Form-4 filing with the securities and exchange commission.
Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide Inc. The Company operates more than 18000 restaurants operating in 100 countries under its two distinct brands. Tim Hortons operates restaurant chains in North America and Canada. Operating in the quick service segment of the restaurant industry Tim Hortons menu includes premium coffee hot and cold specialty drinks (including lattes cappuccinos and espresso shots) specialty teas and fruit smoothies fresh baked goods grilled Panini and classic sandwiches wraps soups prepared foods and other food products. As of September 28 2014 Tim Hortons had 4590 system wide restaurants including 3665 in Canada 869 in the United States and 56 in the Gulf Cooperation Council. BURGER KING is a fast food hamburger chain. The BURGER KING system operates in approximately 14000 locations serving more than 11 million guests daily in 100 countries and territories globally.