Boston Properties (BXP) Expected to Announce Earnings on Tuesday

Boston Properties (NYSE:BXP) is anticipated to post its quarterly earnings results after the market closes on Tuesday, January 28th. Analysts expect the company to announce 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.Parties that wish to listen to the company’s conference call can do so using this link.

Boston Properties (NYSE:BXP) last issued 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 company had revenue of $859.23 million during the quarter, compared to analysts’ expectations of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $1.86 earnings per share. 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 Price Performance

Shares of NYSE:BXP opened at $73.32 on Tuesday. Boston Properties has a 12 month low of $56.46 and a 12 month high of $90.11. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 0.46 and a beta of 1.18. The business’s 50 day simple moving average is $77.13 and its 200-day simple moving average is $76.18. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51.

Boston Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

BXP has been the subject of several research reports. Truist Financial lifted their price target on Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $88.00 in a research report on Thursday, November 14th. UBS Group increased their price target on shares of Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Finally, Mizuho reduced their target price on Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Boston Properties presently has a consensus rating of “Hold” and a consensus target price of $82.00.

About Boston Properties

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.