Burberry Group plc (OTCMKTS:BURBY) to Post FY2023 Earnings of $1.40 Per Share, Telsey Advisory Group Forecasts

Burberry Group plc (OTCMKTS:BURBYGet Rating) – Equities researchers at Telsey Advisory Group upped their FY2023 earnings per share (EPS) estimates for shares of Burberry Group in a research note issued to investors on Wednesday, May 18th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings of $1.40 per share for the year, up from their previous forecast of $1.22.

A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Burberry Group from GBX 2,250 ($27.74) to GBX 2,280 ($28.11) in a research note on Wednesday, January 26th. UBS Group cut their target price on shares of Burberry Group from GBX 1,882 ($23.20) to GBX 1,836 ($22.63) in a research note on Monday, April 4th. Morgan Stanley dropped their target price on shares of Burberry Group from GBX 2,000 ($24.65) to GBX 1,850 ($22.81) in a research report on Tuesday, April 12th. Finally, Zacks Investment Research downgraded shares of Burberry Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,383.86.

Shares of OTCMKTS BURBY opened at $19.86 on Monday. The firm’s 50 day moving average price is $20.69 and its 200 day moving average price is $23.31. Burberry Group has a 1 year low of $18.18 and a 1 year high of $32.17. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.03 and a current ratio of 2.60.

Burberry Group Company Profile (Get Rating)

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.

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Earnings History and Estimates for Burberry Group (OTCMKTS:BURBY)

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