Brokerages expect that Burlington Stores Inc (NYSE:BURL) will report earnings per share of $2.08 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Burlington Stores’ earnings, with the highest EPS estimate coming in at $2.12 and the lowest estimate coming in at $2.05. Burlington Stores reported earnings per share of $1.78 during the same quarter last year, which suggests a positive year-over-year growth rate of 16.9%. The company is expected to announce its next quarterly earnings results on Thursday, March 1st.
On average, analysts expect that Burlington Stores will report full-year earnings of $4.28 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $4.32. For the next fiscal year, analysts anticipate that the business will post earnings of $5.13 per share, with EPS estimates ranging from $4.87 to $5.65. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Burlington Stores.
Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. Burlington Stores’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share.
In related news, insider Fred Hand sold 6,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $102.50, for a total transaction of $615,000.00. Following the completion of the transaction, the insider now owns 71,810 shares of the company’s stock, valued at $7,360,525. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $98.51, for a total transaction of $1,970,200.00. The disclosure for this sale can be found here. Insiders have sold 87,701 shares of company stock valued at $9,589,154 over the last quarter. Insiders own 2.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Advisor Group Inc. raised its holdings in shares of Burlington Stores by 9.2% during the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after purchasing an additional 128 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Burlington Stores by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after purchasing an additional 210 shares during the last quarter. Suntrust Banks Inc. raised its holdings in shares of Burlington Stores by 4.4% during the second quarter. Suntrust Banks Inc. now owns 5,466 shares of the company’s stock worth $501,000 after purchasing an additional 229 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Burlington Stores by 17.7% in the fourth quarter. Meeder Asset Management Inc. now owns 3,634 shares of the company’s stock valued at $447,000 after buying an additional 547 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Burlington Stores by 6.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 10,499 shares of the company’s stock valued at $1,002,000 after buying an additional 667 shares in the last quarter.
Shares of Burlington Stores (NYSE BURL) traded up $3.09 on Tuesday, reaching $116.89. 1,261,646 shares of the company’s stock traded hands, compared to its average volume of 939,546. The firm has a market capitalization of $7,770.00, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 1.21 and a beta of 0.48. Burlington Stores has a 52 week low of $79.07 and a 52 week high of $128.93. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71.
TRADEMARK VIOLATION WARNING: This piece was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/02/06/analysts-expect-burlington-stores-inc-burl-will-announce-earnings-of-2-08-per-share.html.
About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.