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 1.030-1.050 for the period, compared to the consensus EPS estimate of 1.050. The company issued revenue guidance of -.
Retail Opportunity Investments Price Performance
Shares of NASDAQ:ROIC traded down $0.04 on Friday, hitting $15.82. The company had a trading volume of 56,467 shares, compared to its average volume of 1,079,492. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.07. Retail Opportunity Investments has a 52-week low of $10.98 and a 52-week high of $16.27. The business has a 50 day moving average of $15.55 and a 200 day moving average of $13.81. The company has a market cap of $2.02 billion, a PE ratio of 34.48, a PEG ratio of 2.08 and a beta of 1.45.
Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Retail Opportunity Investments had a net margin of 17.38% and a return on equity of 4.33%. The company had revenue of $83.50 million during the quarter, compared to analysts’ expectations of $82.13 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Retail Opportunity Investments will post 1.05 earnings per share for the current fiscal year.
Retail Opportunity Investments Dividend Announcement
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on ROIC shares. Raymond James upped their price objective on Retail Opportunity Investments from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Wells Fargo & Company upped their target price on Retail Opportunity Investments from $13.50 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Bank of America assumed coverage on Retail Opportunity Investments in a research note on Thursday. They issued an “underperform” rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.50.
Check Out Our Latest Stock Report on Retail Opportunity Investments
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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