$-0.02 EPS Expected for Innergex Renewable Energy Inc. (INE); Scopus Asset Management LP Has Decreased Its Burlington Stores (Call) (BURL) Holding

May 7, 2018 - By Marie Mckinney

Burlington Stores, Inc. (NYSE:BURL) Logo

Scopus Asset Management Lp decreased Burlington Stores Inc (Call) (BURL) stake by 31.03% reported in 2017Q4 SEC filing. Scopus Asset Management Lp sold 225,000 shares as Burlington Stores Inc (Call) (BURL)’s stock rose 8.24%. The Scopus Asset Management Lp holds 500,000 shares with $61.52M value, down from 725,000 last quarter. Burlington Stores Inc (Call) now has $9.40B valuation. The stock increased 0.85% or $1.17 during the last trading session, reaching $138.65. About 653,847 shares traded. Burlington Stores, Inc. (NYSE:BURL) has risen 37.17% since May 7, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

Analysts expect Innergex Renewable Energy Inc. (TSE:INE) to report $-0.02 EPS on May, 15 after the close.They anticipate $0.05 EPS change or 71.43% from last quarter’s $-0.07 EPS. After having $0.03 EPS previously, Innergex Renewable Energy Inc.’s analysts see -166.67% EPS growth. The stock decreased 0.15% or $0.02 during the last trading session, reaching $13.66. About 84,806 shares traded. Innergex Renewable Energy Inc. (TSE:INE) has 0.00% since May 7, 2017 and is . It has underperformed by 11.55% the S&P500.

Innergex Renewable Energy Inc. operates as an independent renewable power producer in North America and France. The company has market cap of $1.81 billion. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms. It has a 62.09 P/E ratio. The firm operates through four divisions: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.

Among 4 analysts covering Innergex Renewable Energy (TSE:INE), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Innergex Renewable Energy had 9 analyst reports since May 11, 2016 according to SRatingsIntel. Raymond James maintained the shares of INE in report on Friday, February 24 with “Strong Buy” rating. The firm earned “Hold” rating on Monday, February 27 by TD Securities. The stock of Innergex Renewable Energy Inc. (TSE:INE) has “Sector Perform” rating given on Friday, February 24 by RBC Capital Markets.

Another recent and important Innergex Renewable Energy Inc. (TSE:INE) news was published by Finance.Yahoo.com which published an article titled: “Be Careful About Buying Innergex Renewable Energy Inc (TSE:INE) For The 4.96% Dividend” on April 21, 2018.

Since December 11, 2017, it had 0 insider purchases, and 12 sales for $14.35 million activity. Another trade for 20,000 shares valued at $2.52M was made by Kingsbury Thomas on Monday, March 12. Shares for $295,148 were sold by MAGRINI JOYCE MANNING. On Tuesday, March 13 the insider Hand Fred sold $893,550. On Monday, March 12 the insider Katz Marc sold $1.32 million. On Wednesday, March 14 the insider Sullivan Paul sold $635,050.

Analysts await Burlington Stores, Inc. (NYSE:BURL) to report earnings on May, 24. They expect $1.08 EPS, up 47.95% or $0.35 from last year’s $0.73 per share. BURL’s profit will be $73.23M for 32.09 P/E if the $1.08 EPS becomes a reality. After $2.17 actual EPS reported by Burlington Stores, Inc. for the previous quarter, Wall Street now forecasts -50.23% negative EPS growth.

Among 21 analysts covering Burlington Stores (NYSE:BURL), 19 have Buy rating, 0 Sell and 2 Hold. Therefore 90% are positive. Burlington Stores had 63 analyst reports since October 7, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, August 26 by Cowen & Co. The rating was maintained by SunTrust with “Buy” on Thursday, March 8. Goldman Sachs maintained it with “Buy” rating and $67 target in Friday, May 27 report. As per Thursday, December 17, the company rating was initiated by BB&T Capital. As per Friday, March 9, the company rating was maintained by Buckingham Research. Cowen & Co maintained Burlington Stores, Inc. (NYSE:BURL) rating on Monday, August 14. Cowen & Co has “Buy” rating and $10500 target. The firm has “Neutral” rating by Guggenheim given on Friday, September 30. As per Friday, August 26, the company rating was maintained by Telsey Advisory Group. Cowen & Co maintained Burlington Stores, Inc. (NYSE:BURL) rating on Friday, June 23. Cowen & Co has “Outperform” rating and $110 target. The firm has “Buy” rating given on Thursday, November 23 by Suntrust Robinson.

Burlington Stores, Inc. (NYSE:BURL) Institutional Positions Chart

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By1 Marie Mckinney

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