Burford Capital (NYSE:BUR - Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Burford Capital to post earnings of $0.30 per share for the quarter.
Burford Capital (NYSE:BUR - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.10). Burford Capital had a return on equity of 12.58% and a net margin of 45.81%. The business had revenue of $159.65 million during the quarter, compared to the consensus estimate 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 Performance
Burford Capital stock traded down $0.22 during trading on Thursday, reaching $13.51. The company had a trading volume of 604,253 shares, compared to its average volume of 964,841. The firm's 50-day simple moving average is $13.33 and its 200 day simple moving average is $13.74. The company has a current ratio of 11.01, a quick ratio of 11.01 and a debt-to-equity ratio of 0.55. Burford Capital has a 52 week low of $12.07 and a 52 week high of $16.77. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 7.76 and a beta of 0.53.
Burford Capital Dividend Announcement
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, December 5th. Stockholders of record on Friday, November 1st will be given a $0.063 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a dividend yield of 2%. Burford Capital's payout ratio is 6.78%.
Wall Street Analyst Weigh In
Several research firms have weighed in on BUR. 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 for the company. Wedbush reiterated an "outperform" rating and issued a $18.00 price target on shares of Burford Capital in a report on Friday, August 9th.
View Our Latest Analysis on Burford Capital
About Burford Capital
(
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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.
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