Shares of Burford Capital Limited (BUR) have gained 0.3% over the past four weeks to close the last trading session at $13.54, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $19.70 indicates a potential upside of 45.5%.The average comprises five short-term price targets ranging from a low of $18 to a high of $22.50, with a standard deviation of $1.86. While the lowest estimate ...

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Burford Capital Limited (BUR) closed the last trading session at $13.82, gaining 2.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $19.70 indicates a 42.6% upside potential.The mean estimate comprises five short-term price targets with a standard deviation of $1.86. While the lowest estimate of $18 indicates a 30.3% increase from the current price level, the most optimistic anal ...

Burford Capital Limited (NYSE:BUR) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Christopher Bogart - Chief Executive Officer Jonathan Molot - Chief Investment Officer Jordan Licht - Chief Financial Officer Conference Call Participants Mark DeVries - Deutsche Bank AG Alexander Bowers - Barenberg Julian Roberts - Jefferies Operator Thank you for standing by and welcome to the Burford Capital's Third Quarter 2024 Financial Results Conference call. All lines have been place ...

NEW YORK, Nov. 8, 2024 /PRNewswire/ -- Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces the pound sterling conversion rate for its previously declared interim dividend for the year ending December 31, 2024 of 6.25 US cents per ordinary share to be paid on December 5, 2024 to shareholders of record as of November 1, 2024.For shareholders electing to receive their dividend in pound sterling, the interim dividend is 4.845352 pence per ordinary share, ...

Burford Capital Limited (BUR) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 103.33%. A quarter ago, it was expected that this company would post earnings of $0.34 per share when it actually produced earnings of $0.24, delivering a surprise of -29.41%.Over the last four quarters, the ...

Financial Performance - The company generated $556 million in Burford-only cash receipts year-to-date (YTD) in 2024, with $310 million in the third quarter (3Q) of 2024, setting new records [2] - Core portfolio net realized gains reached $184 million YTD in 2024, up 49% compared to YTD 2023, and $56 million in 3Q 2024, nearly double the levels of 3Q 2023 and 3Q 2022 [2] - Burford-only net income attributable to shareholders was $136 million in 3Q 2024, with tangible book value exceeding $10 per share for the first time [2] - Total revenues for 3Q 2024 were $249.1 million, a 32% decrease compared to 3Q 2023, while total operating expenses decreased by 12% to $46.9 million [3] - Net income attributable to shareholders for 3Q 2024 was $135.6 million, a 50% decrease compared to 3Q 2023 [3] Portfolio and Realizations - Core portfolio realizations reached $380 million YTD in 2024, up 39% compared to YTD 2023, with 40 assets diversified across various sectors [6] - Ten assets generated more than $10 million in realizations YTD in 2024, with five assets delivering $20 million or more [6] - The return on invested capital (ROIC) for YTD 2024 realizations was 94%, above the historical track record [6] - New commitments in 3Q 2024 increased significantly, with $443 million in core portfolio new commitments and $263 million in deployments YTD in 2024 [6] Liquidity and Capital - The company's liquidity position strengthened, with Burford-only cash and cash equivalents and marketable securities totaling $629 million at the end of 3Q 2024, up from $303 million at the end of 2023 [10] - Total debt outstanding increased to $1.8 billion at the end of 3Q 2024, compared to $1.6 billion at the end of 2023, but leverage remains well below covenant ceiling levels [11] Operational Highlights - The company's core portfolio net realized gains of $184 million YTD in 2024 are already in line with the previous annual peak of $186 million achieved in 2023 [6] - Burford-only capital provision income in 3Q 2024 was $205 million, driven by positive impacts across major valuation inputs such as discount rates, case milestones, and duration [8] - Excluding YPF-related assets, Burford-only total net realized and unrealized gains increased by 200% in 3Q 2024 and 17% YTD in 2024 compared to the same periods in 2023 [8] Industry and Market Context - The company continues to clear the pandemic-driven backlog, with about half of the capital provision assets generating realizations YTD in 2024 being from 2020 and prior vintages [6] - Definitive undrawn commitments at the end of 3Q 2024 were $727 million, up 25% YTD in 2024, supporting future deployment activity [6]

Wall Street expects a year-over-year decline in earnings on lower revenues when Burford Capital Limited (BUR) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

NEW YORK, Oct. 28, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces that it will release its financial results for the three and nine months ended September 30, 2024 ("3Q24") on Thursday, November 7, 2024, at 7.00am EST / 12.00pm GMT. Burford will hold a conference call for investors and analysts at 10.00am EST / 3.00pm GMT on Thursday, November 7, 2024. The dial-in numbers for the conference call are +1 (646) 307- ...

Growth in awareness and use of "corporate finance for law" reinforced in data and in interviews with global law firm lawyers NEW YORK, Oct. 1, 2024 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, has grown significantly since its founding in 2009. As part of ongoing recognition of the growth in legal finance and Burford's industry leadership as it celebrates its 15th anniversary, it today shares data from its own performance and releases new research bas ...