Burford Capital: Solid Progress This Quarter
Burford Capital's Q3 2024 results show strong realized gains and cash receipts, with capital provision income tripling year-over-year on a Burford-only basis. Net realized gains reached record annual levels, despite only nine months of data, while cumulative IRR slightly decreased to 26% due to COVID-19 delays. Asset management income remains weak, but management promises future improvement; new commitments and deployments are trending lower, though Q4 is expected to be stronger.
Wall Street Analysts Think Burford Capital (BUR) Could Surge 42.55%: Read This Before Placing a Bet
The mean of analysts' price targets for Burford Capital (BUR) points to a 42.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Burford Capital Limited (BUR) Q3 2024 Earnings Call Transcript
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 placed on mute to prevent any background noise.
Burford Capital Limited (BUR) Q3 Earnings and Revenues Beat Estimates
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.
Burford Capital Limited (BUR) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Burford Capital (BUR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Burford Capital: Serving Justice Pays Well
Burford Capital offers a compelling investment with limited downside and substantial upside due to its strong track record and potential YPF-related payouts. The company bridges the gap between law firms and corporate clients by funding legal battles, monetizing legal claims, and generating high returns. Burford's impressive IRR of 27% and ROIC of 82% demonstrate its ability to create value for shareholders through successful litigation financing.
Wall Street Analysts See a 49.3% Upside in Burford Capital (BUR): Can the Stock Really Move This High?
The consensus price target hints at a 49.3% upside potential for Burford Capital (BUR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Burford Capital Limited (BUR) Q2 2024 Earnings Call Transcript
Burford Capital Limited (NYSE:BUR ) Q2 2024 Earnings Conference Call August 8, 2024 7:00 AM ET Company Participants Christopher Bogart - Chief Executive Officer Jonathan Molot - Chief Investment Officer Jordan Licht - Chief Financial Officer Conference Call Participants Julian Roberts - Jefferies Matthew Howlett - B. Riley Alexander Bowers - Barenberg Operator Thank you for standing by.
Burford Capital Limited (BUR) Q2 Earnings Lag Estimates
Burford Capital Limited (BUR) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.10 per share a year ago.
Burford Capital Limited Announces Notice of EGM
Notice of Extraordinary General Meeting GUERNSEY / ACCESSWIRE / July 22, 2024 / Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces the date of its extraordinary general meeting (the "EGM") and the distribution of the notice of the EGM (the "Notice of EGM") to registered shareholders. In addition to the approval of KPMG LLP's appointment as Burford's independent registered public accounting firm and the authorization of the board of directors to agree upon KPMG LLP's remuneration, Burford is taking the opportunity, in anticipation of a change to full US issuer status this year, to propose a series of amendments to Burford's articles of incorporation to bring them more in keeping with typical US market norms and to adopt current best practices as advised by US counsel.
Financial Analysis: Burford Capital (NYSE:BUR) and HIVE Digital Technologies (NASDAQ:HIVE)
HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) and Burford Capital (NYSE:BUR – Get Free Report) are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their risk, valuation, analyst recommendations, profitability, earnings, dividends and institutional ownership. Valuation and Earnings This table compares HIVE Digital Technologies and Burford Capital’s gross revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio HIVE Digital Technologies $106.32 million 2.47 -$236.42 million ($0.64) -3.81 Burford Capital $1.09 billion N/A $610.52 million $1.43 10.02 Burford Capital has higher revenue and earnings than HIVE Digital Technologies. HIVE Digital Technologies is trading at a lower price-to-earnings ratio than Burford Capital, indicating that it is currently the more affordable of the two stocks. Analyst Ratings This is a breakdown of current ratings and target prices for HIVE Digital Technologies and Burford Capital, as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score HIVE Digital Technologies 0 1 2 0 2.67 Burford Capital 0 0 3 0 3.00 HIVE Digital Technologies presently has a consensus price target of $5.17, suggesting a potential upside of 111.75%. Burford Capital has a consensus price target of $19.00, suggesting a potential upside of 32.59%. Given HIVE Digital Technologies’ higher possible upside, equities analysts plainly believe HIVE Digital Technologies is more favorable than Burford Capital. Institutional & Insider Ownership 24.4% of HIVE Digital Technologies shares are owned by institutional investors. 9.4% of HIVE Digital Technologies shares are owned by company insiders. Comparatively, 0.2% of Burford Capital shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term. Profitability This table compares HIVE Digital Technologies and Burford Capital’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets HIVE Digital Technologies -57.15% -34.90% -26.36% Burford Capital 42.81% 10.61% 5.70% Summary Burford Capital beats HIVE Digital Technologies on 9 of the 12 factors compared between the two stocks. About HIVE Digital Technologies (Get Free Report) HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada. About Burford Capital (Get Free Report) 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. The Asset Management and Other Services segment provides services to the legal industry, including litigation insurance. Burford Capital Limited was incorporated in 2009 and is based in Saint Peter Port, Guernsey.
