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

Burford Capital (NYSE:BUR) is scheduled to be releasing its earnings data 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) last issued its quarterly earnings data 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 return on equity of 12.58% and a net margin of 45.81%. The firm had revenue of $159.65 million for 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 Trading Up 2.4 %

Shares of NYSE BUR opened at $13.73 on Wednesday. The business’s 50 day moving average is $13.34 and its 200-day moving average is $13.70. 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 1-year low of $12.07 and a 1-year high of $16.77.

Burford Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

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