Boston Properties (BXP) Expected to Announce Earnings on Tuesday

Boston Properties (NYSE:BXP) is expected to be releasing its earnings data after the market closes on Tuesday, January 28th. Analysts expect Boston Properties to post earnings of $0.51 per share and revenue of $843,550.00 billion for the quarter. Boston Properties has set its FY24 guidance at $7.09-7.11 EPS and its FY 2024 guidance at 7.090-7.110 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). The business had revenue of $859.23 million for the quarter, compared to analyst estimates of $829.91 million. Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.86 EPS. On average, analysts expect Boston Properties to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Boston Properties Stock Performance

NYSE:BXP opened at $73.32 on Tuesday. The firm’s fifty day simple moving average is $77.13 and its 200 day simple moving average is $76.18. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. Boston Properties has a twelve month low of $56.46 and a twelve month high of $90.11. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 0.46 and a beta of 1.18.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be paid a $0.98 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.35%. Boston Properties’s dividend payout ratio (DPR) is currently 169.70%.

Analysts Set New Price Targets

A number of research firms have weighed in on BXP. Barclays upped their price target on Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Jefferies Financial Group lowered their price target on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. UBS Group lifted their price target on shares of Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Wedbush raised shares of Boston Properties from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Mizuho dropped their target price on Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Boston Properties currently has an average rating of “Hold” and a consensus price target of $82.00.

Boston Properties Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.