Burford Capital (BUR) Expected to Announce Earnings on Thursday

Burford Capital (NYSE:BUR) is projected to release its earnings data before the market opens on Thursday, March 13th. Analysts expect Burford Capital to post earnings of $0.56 per share and revenue of $219.38 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Burford Capital (NYSE:BUR) last released its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.62). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The business had revenue of $65.69 million for the quarter, compared to analyst estimates of $219.38 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

BUR opened at $13.61 on Thursday. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The company’s fifty day moving average price is $14.04 and its two-hundred day moving average price is $13.62. Burford Capital has a 1-year low of $12.07 and a 1-year high of $16.77. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 11.73 and a beta of 0.59.

Burford Capital Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital’s payout ratio is 10.34%.

Insider Activity

In other news, CEO Christopher P. Bogart sold 90,000 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $1,314,900.00. Following the completion of the sale, the chief executive officer now owns 452,185 shares in the company, valued at $6,606,422.85. This represents a 16.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Aviva O. Will sold 7,500 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $109,575.00. Following the completion of the sale, the president now owns 310,979 shares of the company’s stock, valued at approximately $4,543,403.19. This represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock worth $1,468,305 over the last quarter. Insiders own 0.19% of the company’s stock.

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.