Boston Properties (BXP) Issues FY19 Earnings Guidance

Boston Properties (NYSE:BXP) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $6.75 – $6.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.81. Boston Properties also updated its Q4 guidance to $1.68-1.70 EPS.

A number of equities research analysts have recently issued reports on the company. Barclays reaffirmed a buy rating and set a $134.00 target price on shares of Boston Properties in a research report on Tuesday, August 21st. SunTrust Banks lifted their price target on Boston Properties to $137.00 and gave the company a hold rating in a report on Monday, August 20th. Stifel Nicolaus lifted their price target on Boston Properties from $130.00 to $135.00 and gave the company a hold rating in a report on Thursday, August 2nd. TheStreet upgraded Boston Properties from a c+ rating to a b- rating in a report on Friday, August 3rd. Finally, Jefferies Financial Group reiterated a hold rating and set a $118.00 price target on shares of Boston Properties in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Boston Properties currently has a consensus rating of Hold and an average price target of $133.69.

Shares of BXP stock traded down $0.03 on Tuesday, reaching $116.98. 810,000 shares of the company’s stock traded hands, compared to its average volume of 756,819. Boston Properties has a 12-month low of $111.57 and a 12-month high of $132.82. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $17.74 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 3.02 and a beta of 0.56.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.92. Boston Properties had a return on equity of 6.71% and a net margin of 20.23%. The business had revenue of $686.28 million for the quarter, compared to the consensus estimate of $674.30 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. Boston Properties’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, sell-side analysts predict that Boston Properties will post 6.37 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $3.20 dividend on an annualized basis and a yield of 2.74%.

Boston Properties Company Profile

Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.

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Earnings History and Estimates for Boston Properties (NYSE:BXP)

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