Boston Properties (NYSE:BXP) is scheduled to be announcing its earnings results after the market closes on Monday, April 23rd. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Boston Properties has set its Q1 guidance at $1.47-1.49 EPS and its FY18 guidance at $6.23-6.36 EPS.
Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.02. The business had revenue of $655.23 million for the quarter, compared to analysts’ expectations of $654.36 million. Boston Properties had a return on equity of 5.86% and a net margin of 17.67%. Boston Properties’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. On average, analysts expect Boston Properties to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
BXP opened at $118.75 on Friday. The company has a market cap of $18,418.89, a PE ratio of 19.22, a PEG ratio of 3.25 and a beta of 0.58. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.92. Boston Properties has a 1 year low of $111.57 and a 1 year high of $135.06.
A number of analysts have recently issued reports on BXP shares. Jefferies Group restated a “hold” rating on shares of Boston Properties in a research report on Tuesday, February 27th. Zacks Investment Research cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BMO Capital Markets reiterated a “hold” rating and issued a $134.00 price target on shares of Boston Properties in a research report on Thursday, February 1st. JPMorgan Chase reiterated a “neutral” rating and issued a $133.00 price target (down from $136.00) on shares of Boston Properties in a research report on Tuesday, March 13th. Finally, Bank of America upgraded Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $132.00.
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Boston Properties Company Profile
Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including eight properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.
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