Burford Capital (BUR) Expected to Announce Earnings on Thursday

Burford Capital (NYSE:BUR) is expected to be releasing 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.62). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The firm had revenue of $65.69 million during the quarter, compared to the consensus estimate 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 Trading Up 0.3 %

NYSE:BUR opened at $13.61 on Thursday. The firm’s fifty day moving average is $14.04 and its 200-day moving average is $13.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. Burford Capital has a 52 week low of $12.07 and a 52 week high of $16.77. The firm has a market cap of $2.98 billion, a P/E ratio of 11.73 and a beta of 0.59.

Burford Capital Cuts Dividend

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

Insider Activity

In related news, insider David Perla sold 3,000 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $43,830.00. Following the transaction, the insider now directly owns 82,489 shares of the company’s stock, valued at $1,205,164.29. This represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher P. Bogart sold 90,000 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $1,314,900.00. Following the transaction, the chief executive officer now directly owns 452,185 shares in the company, valued at approximately $6,606,422.85. This represents a 16.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,500 shares of company stock valued at $1,468,305. 0.19% of the stock is currently owned by insiders.

Burford Capital Company Profile

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.