Burford Capital (BUR) Scheduled to Post Earnings on Thursday

Burford Capital (NYSE:BUR) is scheduled to be announcing its earnings results 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 posted its quarterly earnings results on Thursday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. The company had revenue of $159.65 million during the quarter, compared to analysts’ expectations of $153.00 million. 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 %

NYSE:BUR traded up $0.30 during trading hours on Tuesday, reaching $13.71. 128,757 shares of the stock were exchanged, compared to its average volume of 956,896. 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 has a twelve month low of $12.07 and a twelve month high of $16.77. The business has a 50-day moving average of $13.34 and a two-hundred day moving average of $13.70.

Burford Capital Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have weighed in on BUR shares. Deutsche Bank Aktiengesellschaft assumed coverage on Burford Capital in a research note on Friday, September 6th. They issued a “buy” rating and a $18.00 price target on the stock. Wedbush reissued an “outperform” rating and set a $18.00 price target on shares of Burford Capital in a report on Friday, August 9th.

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.