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

Burford Capital (NYSE:BUR) will be posting its quarterly earnings results before the market opens on Monday, May 13th. Analysts expect Burford Capital to post earnings of $0.45 per share for the quarter.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). Burford Capital had a return on equity of 20.99% and a net margin of 56.17%. The company had revenue of $292.57 million for the quarter, compared to analysts’ expectations of $142.00 million. On average, analysts expect Burford Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Burford Capital Stock Performance

Shares of NYSE BUR opened at $16.09 on Thursday. Burford Capital has a 1-year low of $11.78 and a 1-year high of $17.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 9.53 and a current ratio of 9.53. The stock’s 50-day moving average is $15.20 and its two-hundred day moving average is $14.54.

Burford Capital Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a $0.063 dividend. This is a positive change from Burford Capital’s previous Semi-Annual dividend of $0.06. This represents a yield of 1.7%. The ex-dividend date is Thursday, May 23rd. Burford Capital’s dividend payout ratio is currently 4.38%.

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.