Boston Properties (BXP) Issues FY13 Earnings Guidance
Boston Properties (BXP) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.06-5.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.20. Boston Properties also updated its Q1 guidance to $1.19-1.21 EPS.
Shares of Boston Properties (BXP) traded up 0.02% during mid-day trading on Tuesday, hitting $108.85. Boston Properties (BXP) has a one year low of $98.92 and a one year high of $117.00. The stock’s 50-day moving average is currently $106.6. The company has a market cap of $16.421 billion and a P/E ratio of 47.86.
Boston Properties last posted its quarterly earnings results on Tuesday, January 29th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.03. The company had revenue of $485.41 million for the quarter, compared to the consensus estimate of $462.72 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Boston Properties has set its Q1 guidance at $1.19-1.21 EPS and its FY13 guidance at $5.06-5.18 EPS. Analysts expect that Boston Properties (BXP) will post $4.88 EPS for the current fiscal year.
BXP has been the subject of a number of recent research reports. Analysts at Evercore Partners initiated coverage on shares of Boston Properties in a research note to investors on Friday. They set an overweight rating and a $120.00 price target on the stock. On a related note, analysts at JPMorgan Chase downgraded shares of Boston Properties from an overweight rating to a neutral rating in a research note to investors on Wednesday, January 16th. They now have a $116.00 price target on the stock. Finally, analysts at Robert W. Baird initiated coverage on shares of Boston Properties in a research note to investors on Monday, January 14th. They set an outperform rating and a $117.00 price target on the stock.
Eleven investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, and ten have issued a hold rating to the stock. Boston Properties currently has a consensus rating of overweight and an average target price of $117.81.
Boston Properties, Inc. is an integrated, self-administered and self-managed real estate investment trust (REIT).
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