Retail Opportunity Investments (ROIC) Set to Announce Earnings on Tuesday

Retail Opportunity Investments (NASDAQ:ROIC) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 22nd. Analysts expect Retail Opportunity Investments to post earnings of $0.26 per share for the quarter. Retail Opportunity Investments has set its FY24 guidance at $1.04-$1.07 EPS and its FY 2024 guidance at 1.040-1.070 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). Retail Opportunity Investments had a return on equity of 2.57% and a net margin of 10.40%. The company had revenue of $83.32 million during the quarter, compared to the consensus estimate of $81.19 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts expect Retail Opportunity Investments to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Retail Opportunity Investments Stock Performance

Shares of ROIC opened at $16.16 on Monday. Retail Opportunity Investments has a 52 week low of $10.98 and a 52 week high of $16.27. The stock has a market cap of $2.06 billion, a P/E ratio of 53.87, a P/E/G ratio of 2.07 and a beta of 1.45. The business’s 50 day moving average price is $15.50 and its 200-day moving average price is $13.73. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.07.

Retail Opportunity Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.60 dividend on an annualized basis and a yield of 3.71%. Retail Opportunity Investments’s payout ratio is currently 200.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James boosted their price objective on shares of Retail Opportunity Investments from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company boosted their price objective on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Finally, StockNews.com upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Retail Opportunity Investments has an average rating of “Hold” and a consensus price target of $15.00.

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.