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

Boston Properties (NYSE:BXP) is expected 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.Parties interested in listening to the company’s conference call can do so using this link.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The company had revenue of $859.23 million during the quarter, compared to analyst estimates of $829.91 million. During the same quarter in the previous year, the company earned $1.86 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. 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 BXP opened at $73.65 on Monday. The business has a 50-day moving average of $76.48 and a 200-day moving average of $76.50. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. Boston Properties has a 1 year low of $56.46 and a 1 year high of $90.11.

Boston Properties Announces Dividend

The company also recently declared 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 5.32%. Boston Properties’s dividend payout ratio (DPR) is currently 169.70%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BXP. Truist Financial boosted their price objective on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Scotiabank restated a “sector perform” rating and set a $85.00 price target on shares of Boston Properties in a report on Thursday, November 7th. Barclays boosted their target price on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and raised their price target for the stock from $80.00 to $88.00 in a report on Thursday, November 14th. Finally, StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. One equities 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 stock. According to MarketBeat.com, Boston Properties currently has a consensus rating of “Hold” and an average 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.