Analysts Expect Boston Properties (BXP) to Post $1.57 EPS

Analysts expect Boston Properties (NYSE:BXP) to announce earnings of $1.57 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Boston Properties’ earnings, with the highest EPS estimate coming in at $1.60 and the lowest estimate coming in at $1.53. Boston Properties reported earnings per share of $1.67 in the same quarter last year, which suggests a negative year over year growth rate of 6%. The company is expected to report its next earnings results on Tuesday, August 7th.

On average, analysts expect that Boston Properties will report full-year earnings of $6.31 per share for the current year, with EPS estimates ranging from $6.27 to $6.35. For the next year, analysts forecast that the firm will post earnings of $6.92 per share, with EPS estimates ranging from $6.85 to $7.05. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Boston Properties.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, April 24th. The real estate investment trust reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.50. The company had revenue of $661.20 million during the quarter, compared to the consensus estimate of $648.23 million. Boston Properties had a return on equity of 6.81% and a net margin of 20.48%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share.

A number of equities research analysts recently commented on BXP shares. SunTrust Banks set a $127.00 price objective on Boston Properties and gave the stock a “hold” rating in a research note on Monday, January 22nd. Argus reaffirmed a “buy” rating and set a $138.00 price objective (down from $140.00) on shares of Boston Properties in a research note on Monday, February 26th. Citigroup decreased their price objective on Boston Properties from $129.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, May 2nd. Edward Jones raised Boston Properties from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $134.00 price objective on shares of Boston Properties in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $131.54.

In other Boston Properties news, insider Bryan J. Koop sold 10,560 shares of the business’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $124.27, for a total value of $1,312,291.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of BXP. DnB Asset Management AS grew its stake in Boston Properties by 5.7% in the fourth quarter. DnB Asset Management AS now owns 16,640 shares of the real estate investment trust’s stock valued at $2,164,000 after acquiring an additional 900 shares during the period. Nisa Investment Advisors LLC grew its stake in Boston Properties by 2.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 53,106 shares of the real estate investment trust’s stock valued at $6,905,000 after acquiring an additional 1,490 shares during the period. Bank of Montreal Can grew its stake in Boston Properties by 19.9% in the fourth quarter. Bank of Montreal Can now owns 1,142,341 shares of the real estate investment trust’s stock valued at $148,537,000 after acquiring an additional 189,260 shares during the period. National Pension Service grew its stake in Boston Properties by 8.0% in the fourth quarter. National Pension Service now owns 165,760 shares of the real estate investment trust’s stock valued at $21,554,000 after acquiring an additional 12,279 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in Boston Properties by 5.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,468,563 shares of the real estate investment trust’s stock valued at $190,958,000 after acquiring an additional 71,986 shares during the period. 95.34% of the stock is owned by hedge funds and other institutional investors.

BXP stock opened at $117.24 on Tuesday. The firm has a market cap of $18.08 billion, a PE ratio of 18.83, a PEG ratio of 3.15 and a beta of 0.57. Boston Properties has a twelve month low of $117.23 and a twelve month high of $119.71. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 1.29.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Thursday, March 29th were paid a $0.80 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $3.20 dividend on an annualized basis and a yield of 2.73%.

About Boston Properties

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.

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

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