Burlington Stores, Inc. (NYSE:BURL) Expected to Post Earnings of $0.66 Per Share

Wall Street brokerages forecast that Burlington Stores, Inc. (NYSE:BURL – Get Rating) will post earnings per share of $0.66 for the current quarter, Zacks reports. Seven analysts have issued estimates for Burlington Stores’ earnings, with estimates ranging from $0.53 to $0.84. Burlington Stores posted earnings of $2.59 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 74.5%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Burlington Stores will report full year earnings of $7.27 per share for the current fiscal year, with EPS estimates ranging from $6.61 to $9.08. For the next fiscal year, analysts anticipate that the firm will report earnings of $9.75 per share, with EPS estimates ranging from $8.50 to $11.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Burlington Stores.

Burlington Stores (NYSE:BURL – Get Rating) last announced its quarterly earnings data on Thursday, March 3rd. The company reported $2.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.22 by ($0.69). Burlington Stores had a return on equity of 85.14% and a net margin of 4.39%. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the company posted $2.44 EPS. Burlington Stores’s revenue for the quarter was up 14.2% compared to the same quarter last year.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Burlington Stores from $385.00 to $353.00 in a research note on Thursday, February 17th. Credit Suisse Group decreased their price objective on shares of Burlington Stores from $360.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, March 4th. Truist Financial reduced their price target on shares of Burlington Stores from $303.00 to $238.00 and set a “buy” rating for the company in a report on Friday, March 4th. Wells Fargo & Company cut their price objective on shares of Burlington Stores from $275.00 to $235.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 5th. Finally, Barclays dropped their target price on shares of Burlington Stores from $237.00 to $227.00 in a research report on Friday, April 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $288.60.

BURL opened at $213.85 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.78 and a debt-to-equity ratio of 2.03. Burlington Stores has a 1-year low of $171.15 and a 1-year high of $357.34. The company has a market capitalization of $14.14 billion, a PE ratio of 35.58, a PEG ratio of 2.23 and a beta of 0.91. The firm’s 50 day simple moving average is $204.32 and its two-hundred day simple moving average is $246.72.

A number of hedge funds have recently made changes to their positions in BURL. Quent Capital LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $33,000. Emerald Advisers LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $34,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $38,000. Dark Forest Capital Management LP acquired a new stake in shares of Burlington Stores during the third quarter worth about $39,000. Finally, KB Financial Partners LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $41,000.

About Burlington Stores (Get Rating)

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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