Burford Capital (BUR) Projected to Post Earnings on Thursday

Burford Capital (NYSE:BUR) will likely 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Burford Capital (NYSE:BUR) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.62). The business had revenue of $65.69 million for the quarter, compared to analysts’ expectations of $219.38 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. 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 3.5 %

Shares of NYSE BUR opened at $13.31 on Wednesday. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 11.47 and a beta of 0.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. The business has a 50-day moving average of $14.09 and a two-hundred day moving average of $13.62. Burford Capital has a 1 year low of $12.07 and a 1 year high of $16.77.

Burford Capital Cuts Dividend

The firm also recently declared 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. This represents a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital’s dividend payout ratio (DPR) is 18.46%.

Insider Transactions at Burford Capital

In other news, President Aviva O. Will sold 7,500 shares of Burford Capital stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $109,575.00. Following the sale, the president now owns 310,979 shares in the company, valued at approximately $4,543,403.19. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Perla sold 3,000 shares of Burford Capital stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $43,830.00. Following the sale, the insider now owns 82,489 shares in the company, valued at $1,205,164.29. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,500 shares of company stock worth $1,468,305. Corporate insiders own 0.19% of the company’s stock.

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.