Boston Properties (NYSE:BXP – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.800-1.820 for the period, compared to the consensus earnings per share estimate of 1.790. The company issued revenue guidance of -. Boston Properties also updated its FY 2024 guidance to 7.090-7.150 EPS.
Boston Properties Trading Up 1.9 %
BXP traded up $1.37 during trading on Tuesday, reaching $72.72. 1,752,757 shares of the stock traded hands, compared to its average volume of 1,323,752. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $11.42 billion, a PE ratio of 59.61, a P/E/G ratio of 0.46 and a beta of 1.18. The stock’s 50-day moving average is $62.79 and its 200 day moving average is $63.56. Boston Properties has a 12 month low of $50.64 and a 12 month high of $73.97.
Boston Properties (NYSE:BXP – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The firm had revenue of $839.44 million for the quarter, compared to the consensus estimate of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $1.73 EPS. Equities analysts anticipate that Boston Properties will post 7.04 earnings per share for the current year.
Boston Properties Announces Dividend
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Wedbush reduced their target price on Boston Properties from $66.00 to $63.00 and set a neutral rating for the company in a research note on Thursday, May 2nd. BMO Capital Markets reduced their target price on Boston Properties from $80.00 to $78.00 and set an outperform rating for the company in a research note on Monday, April 8th. Barclays reduced their target price on Boston Properties from $66.00 to $65.00 and set an equal weight rating for the company in a research note on Friday, May 24th. Truist Financial reduced their target price on Boston Properties from $75.00 to $67.00 and set a hold rating for the company in a research note on Friday, June 14th. Finally, Morgan Stanley restated an equal weight rating and issued a $62.00 target price on shares of Boston Properties in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Boston Properties presently has a consensus rating of Hold and a consensus price target of $69.60.
Check Out Our Latest Stock Analysis on BXP
About Boston Properties
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.
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