Burford Capital (BUR) Set to Announce Quarterly Earnings on Thursday

Burford Capital (NYSE:BUR) will be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.10). The firm had revenue of $159.65 million during the quarter, compared to analysts’ expectations of $153.00 million. Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. On average, analysts expect Burford Capital to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Burford Capital Stock Up 2.2 %

Shares of NYSE:BUR traded up $0.30 during mid-day trading on Tuesday, hitting $13.71. The stock had a trading volume of 128,757 shares, compared to its average volume of 956,896. The company’s 50 day moving average is $13.34 and its 200-day moving average is $13.70. Burford Capital has a 12-month low of $12.07 and a 12-month high of $16.77. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.55.

Burford Capital Dividend Announcement

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, December 5th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.063 per share. This represents a dividend yield of 2%. The ex-dividend date is Friday, November 1st. Burford Capital’s dividend payout ratio (DPR) is currently 6.78%.

Analyst Ratings Changes

BUR has been the subject of a number of research reports. Wedbush reissued an “outperform” rating and set a $18.00 target price on shares of Burford Capital in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Burford Capital in a research note on Friday, September 6th. They set a “buy” rating and a $18.00 target price for the company.

About Burford Capital

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.