Boston Properties (BXP) Releases FY18 Earnings Guidance

Boston Properties (NYSE:BXP) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.27-6.36 for the period, compared to the Thomson Reuters consensus estimate of $6.32. Boston Properties also updated its Q2 guidance to $1.53 EPS.

Several research firms have recently issued reports on BXP. Evercore ISI upgraded shares of Boston Properties from an in-line rating to an outperform rating in a report on Monday, March 5th. Jefferies Group restated a hold rating on shares of Boston Properties in a report on Tuesday, February 27th. BMO Capital Markets set a $130.00 price objective on shares of Boston Properties and gave the stock a hold rating in a report on Monday, February 12th. JPMorgan Chase restated a neutral rating and issued a $133.00 price objective (down from $136.00) on shares of Boston Properties in a report on Tuesday, March 13th. Finally, Edward Jones upgraded shares of Boston Properties from a hold rating to a buy rating in a report on Monday, February 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $132.00.

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NYSE BXP traded down $0.12 during mid-day trading on Tuesday, reaching $118.44. The stock had a trading volume of 944,282 shares, compared to its average volume of 818,332. The company has a quick ratio of 0.43, a current 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 $134.05. The firm has a market cap of $18,327.83, a P/E ratio of 19.12, a PEG ratio of 3.23 and a beta of 0.57.

Boston Properties (NYSE:BXP) last posted its earnings results on Monday, April 23rd. The real estate investment trust reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.86. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The business had revenue of $661.20 million during the quarter, compared to the consensus estimate of $648.23 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. equities analysts expect that Boston Properties will post 6.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, March 28th.

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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.

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

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