Zacks: Brokerages Anticipate Burlington (BURL) to Announce $1.09 EPS

Brokerages expect Burlington (NYSE:BURL) to post earnings of $1.09 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Burlington’s earnings. The highest EPS estimate is $1.11 and the lowest is $1.06. Burlington reported earnings per share of $0.73 in the same quarter last year, which indicates a positive year over year growth rate of 49.3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, May 24th.

On average, analysts expect that Burlington will report full year earnings of $5.78 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.95. For the next fiscal year, analysts forecast that the business will post earnings of $6.79 per share, with EPS estimates ranging from $6.50 to $6.93. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Burlington.

Burlington (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 8th. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.09 by $0.08. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.89 billion. Burlington had a negative return on equity of 754.89% and a net margin of 6.31%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 earnings per share.

Several equities analysts have commented on BURL shares. ValuEngine raised Burlington from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Buckingham Research reissued a “buy” rating and set a $150.00 price objective (up previously from $143.00) on shares of Burlington in a research report on Friday, March 9th. BMO Capital Markets set a $145.00 price target on Burlington and gave the stock a “buy” rating in a research report on Thursday, March 8th. SunTrust Banks set a $145.00 price target on Burlington and gave the stock a “buy” rating in a research report on Thursday, March 8th. Finally, Cowen set a $136.00 price target on Burlington and gave the stock a “buy” rating in a research report on Thursday, March 8th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $137.06.

Burlington stock traded up $0.06 on Friday, hitting $136.07. 1,267,500 shares of the stock traded hands, compared to its average volume of 900,885. The company has a current ratio of 0.98, a quick ratio of 0.31 and a debt-to-equity ratio of 12.84. The firm has a market capitalization of $9.30 billion, a P/E ratio of 31.14, a P/E/G ratio of 1.26 and a beta of 0.42. Burlington has a 1 year low of $79.07 and a 1 year high of $142.23.

In related news, insider Joyce Manning Magrini sold 2,500 shares of Burlington stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $125.64, for a total value of $314,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $125.84, for a total value of $2,516,800.00. The disclosure for this sale can be found here. Insiders sold a total of 47,500 shares of company stock valued at $6,243,575 over the last quarter. 1.91% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Burlington by 1.9% in the 4th quarter. BlackRock Inc. now owns 2,987,183 shares of the company’s stock worth $367,512,000 after buying an additional 56,769 shares in the last quarter. American Century Companies Inc. increased its holdings in Burlington by 78.4% in the 1st quarter. American Century Companies Inc. now owns 2,314,890 shares of the company’s stock worth $308,228,000 after buying an additional 1,017,288 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Burlington by 6.7% during the 1st quarter. Eagle Asset Management Inc. now owns 1,470,643 shares of the company’s stock valued at $195,816,000 after purchasing an additional 92,097 shares during the period. Victory Capital Management Inc. grew its stake in shares of Burlington by 3.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,353,424 shares of the company’s stock valued at $166,511,000 after purchasing an additional 44,350 shares during the period. Finally, Carillon Tower Advisers Inc. grew its stake in shares of Burlington by 8.6% during the 1st quarter. Carillon Tower Advisers Inc. now owns 1,080,259 shares of the company’s stock valued at $144,112,000 after purchasing an additional 85,948 shares during the period.

Burlington Company Profile

Burlington Stores, Inc is an apparel and home product retailer. Its products include ladies sportswear, menswear, coats, family footwear and youth apparel, as well as baby furniture, accessories, home decor and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

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Earnings History and Estimates for Burlington (NYSE:BURL)

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