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

Burford Capital (NYSE:BUR) is scheduled to announce its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.39 per share for the quarter.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.59). Burford Capital had a return on equity of 10.61% and a net margin of 42.81%. The business had revenue of $44.30 million during the quarter, compared to analysts’ expectations of $206.00 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 1.8 %

BUR stock opened at $14.12 on Thursday. The stock’s fifty day simple moving average is $13.63 and its two-hundred day simple moving average is $14.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 14.17 and a quick ratio of 14.17. Burford Capital has a 1-year low of $12.07 and a 1-year high of $17.70.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and issued a $22.50 target price on shares of Burford Capital in a research note on Tuesday, July 2nd.

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.