Boston Properties (BXP) Scheduled to Post Earnings on Tuesday
Boston Properties (NYSE:BXP) is set to issue its Q114 quarterly earnings data on Tuesday, April 29th. Analysts expect the company to announce earnings of $1.24 per share and revenue of $557.59 million for the quarter. 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 results on Wednesday, January 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $1.15. The company had revenue of $576.20 million for the quarter, compared to the consensus estimate of $66.12 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, analysts expect Boston Properties to post $5.30 EPS for the current fiscal year and $5.73 EPS for the next fiscal year.
Shares of Boston Properties (NYSE:BXP) opened at 117.37 on Monday. Boston Properties has a 52 week low of $98.04 and a 52 week high of $118.50. The stock’s 50-day moving average is $114. and its 200-day moving average is $107.5. The company has a market cap of $17.958 billion and a P/E ratio of 24.32.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, March 27th.
A number of research firms have recently commented on BXP. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Boston Properties in a research note on Tuesday, April 22nd. They now have a $118.00 price target on the stock. On the ratings front, analysts at Barclays reiterated an “overweight” rating on shares of Boston Properties in a research note on Tuesday, April 22nd. They now have a $121.00 price target on the stock. Finally, analysts at Cowen and Company upgraded shares of Boston Properties from a “market perform” rating to an “outperform” rating in a research note on Monday, April 21st. They now have a $132.50 price target on the stock, up previously from $100.00. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $107.17.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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