Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.040-1.070 for the period, compared to the consensus EPS estimate of 1.050. The company issued revenue guidance of -. Retail Opportunity Investments also updated its FY24 guidance to $1.04-$1.07 EPS.
Retail Opportunity Investments Trading Down 1.2 %
Retail Opportunity Investments stock traded down $0.16 during mid-day trading on Tuesday, hitting $13.48. 959,074 shares of the company’s stock were exchanged, compared to its average volume of 1,043,816. The firm has a market capitalization of $1.72 billion, a P/E ratio of 44.87 and a beta of 1.45. Retail Opportunity Investments has a fifty-two week low of $10.98 and a fifty-two week high of $15.16. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.01. The company’s 50 day simple moving average is $12.54 and its 200-day simple moving average is $12.82.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on ROIC. Wells Fargo & Company lowered their target price on Retail Opportunity Investments from $14.00 to $13.50 and set an equal weight rating for the company in a report on Tuesday, May 28th. Bank of America reiterated an underperform rating and set a $12.00 target price (down previously from $14.50) on shares of Retail Opportunity Investments in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $14.38.
Retail Opportunity Investments Company Profile
Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.
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