Boston Properties (BXP) Projected to Post Quarterly Earnings on Tuesday

Boston Properties (NYSE:BXP) is anticipated to announce its 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.Investors interested in listening 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 firm had revenue of $859.23 million during the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company 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 $73.65 on Monday. Boston Properties has a twelve month low of $56.46 and a twelve month high of $90.11. The company has a market cap of $11.65 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. The business’s 50 day moving average price is $76.48 and its two-hundred day moving average price is $76.50. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is presently 169.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BXP shares. Scotiabank reissued a “sector perform” rating and issued a $85.00 price objective on shares of Boston Properties in a research report on Thursday, November 7th. Barclays increased their price target on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Mizuho reduced their price objective on Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Finally, Truist Financial boosted their price target on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Boston Properties currently 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.