Analysts Expect Burlington Stores, Inc. (NYSE:BURL) Will Post Earnings of $1.31 Per Share

Wall Street brokerages forecast that Burlington Stores, Inc. (NYSE:BURL) will post $1.31 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Burlington Stores’ earnings. The highest EPS estimate is $1.67 and the lowest is $1.02. Burlington Stores posted earnings of $0.29 per share in the same quarter last year, which would indicate a positive year over year growth rate of 351.7%. The company is scheduled to announce its next earnings report on Tuesday, November 23rd.

On average, analysts expect that Burlington Stores will report full-year earnings of $9.20 per share for the current year, with EPS estimates ranging from $8.58 to $10.01. For the next year, analysts anticipate that the firm will report earnings of $10.39 per share, with EPS estimates ranging from $9.47 to $11.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Burlington Stores.

Burlington Stores (NYSE:BURL) last issued its earnings results on Wednesday, August 25th. The company reported $1.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.44. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.09 billion. Burlington Stores had a return on equity of 100.00% and a net margin of 5.23%. The company’s revenue was up 119.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.56) EPS.

BURL has been the topic of several recent research reports. MKM Partners raised their price objective on Burlington Stores from $350.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 27th. TheStreet downgraded Burlington Stores from a “b” rating to a “c+” rating in a report on Monday, August 30th. Wedbush reissued an “outperform” rating on shares of Burlington Stores in a report on Tuesday, May 18th. raised their price objective on Burlington Stores from $295.00 to $335.00 and gave the company a “neutral” rating in a report on Friday, May 28th. Finally, Cowen cut their price objective on Burlington Stores from $395.00 to $375.00 and set an “outperform” rating on the stock in a report on Friday, August 27th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $353.50.

Shares of NYSE BURL traded down $4.80 during mid-day trading on Friday, hitting $285.63. 2,076 shares of the stock traded hands, compared to its average volume of 548,723. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.48 and a quick ratio of 1.02. Burlington Stores has a twelve month low of $189.99 and a twelve month high of $357.34. The company has a market cap of $19.06 billion, a PE ratio of 44.96 and a beta of 0.96. The firm has a 50 day simple moving average of $323.97 and a two-hundred day simple moving average of $316.76.

Several hedge funds have recently bought and sold shares of BURL. CWM LLC grew its stake in shares of Burlington Stores by 70.0% in the 1st quarter. CWM LLC now owns 187 shares of the company’s stock valued at $56,000 after buying an additional 77 shares during the period. Greenleaf Trust grew its stake in shares of Burlington Stores by 14.8% in the 1st quarter. Greenleaf Trust now owns 1,073 shares of the company’s stock valued at $321,000 after buying an additional 138 shares during the period. Signaturefd LLC grew its stake in shares of Burlington Stores by 17.2% in the 1st quarter. Signaturefd LLC now owns 402 shares of the company’s stock valued at $120,000 after buying an additional 59 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Burlington Stores by 5,001.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 67,184 shares of the company’s stock valued at $20,075,000 after buying an additional 65,867 shares during the period. Finally, Alamar Capital Management LLC grew its stake in shares of Burlington Stores by 7.0% in the 1st quarter. Alamar Capital Management LLC now owns 7,758 shares of the company’s stock valued at $2,318,000 after buying an additional 507 shares during the period.

About Burlington Stores

Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

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