Boston Properties, Inc. (BXP) Expected to Post Earnings of $1.68 Per Share

Brokerages expect Boston Properties, Inc. (NYSE:BXP) to post $1.68 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Boston Properties’ earnings, with estimates ranging from $1.66 to $1.70. Boston Properties posted earnings per share of $1.49 during the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The company is expected to report its next quarterly earnings results on Tuesday, January 29th.

On average, analysts expect that Boston Properties will report full year earnings of $6.38 per share for the current year, with EPS estimates ranging from $6.29 to $6.42. For the next fiscal year, analysts anticipate that the company will report earnings of $6.85 per share, with EPS estimates ranging from $6.78 to $6.93. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Boston Properties.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Boston Properties had a net margin of 20.18% and a return on equity of 6.75%. The company had revenue of $686.28 million during the quarter, compared to analysts’ expectations of $674.30 million. During the same period last year, the company posted $0.76 EPS. Boston Properties’s revenue was up 4.3% on a year-over-year basis.

A number of research analysts recently issued reports on the stock. Barclays reissued a “buy” rating and set a $134.00 price target on shares of Boston Properties in a research report on Tuesday, August 21st. SunTrust Banks lifted their price target on shares of Boston Properties to $137.00 and gave the company a “hold” rating in a research report on Monday, August 20th. Zacks Investment Research raised shares of Boston Properties from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research report on Monday. DA Davidson raised shares of Boston Properties from a “neutral” rating to a “buy” rating and lifted their price target for the company from $135.00 to $145.00 in a research report on Monday, November 19th. Finally, JPMorgan Chase & Co. raised shares of Boston Properties from a “neutral” rating to an “overweight” rating in a research report on Friday, October 5th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $135.85.

Shares of NYSE BXP opened at $132.48 on Tuesday. Boston Properties has a 1 year low of $111.57 and a 1 year high of $132.82. The stock has a market cap of $20.11 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 3.41 and a beta of 0.61. The company has a debt-to-equity ratio of 1.36, a current ratio of 3.74 and a quick ratio of 3.74.

A number of large investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC increased its stake in Boston Properties by 7.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,723 shares of the real estate investment trust’s stock valued at $718,000 after purchasing an additional 388 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Boston Properties by 0.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 116,946 shares of the real estate investment trust’s stock valued at $14,668,000 after purchasing an additional 410 shares in the last quarter. Creative Planning increased its stake in Boston Properties by 7.7% during the 3rd quarter. Creative Planning now owns 6,253 shares of the real estate investment trust’s stock valued at $770,000 after purchasing an additional 447 shares in the last quarter. Mackenzie Financial Corp increased its stake in Boston Properties by 22.9% during the 3rd quarter. Mackenzie Financial Corp now owns 2,885 shares of the real estate investment trust’s stock valued at $355,000 after purchasing an additional 538 shares in the last quarter. Finally, Hamel Associates Inc. increased its stake in Boston Properties by 3.2% during the 3rd quarter. Hamel Associates Inc. now owns 17,875 shares of the real estate investment trust’s stock valued at $2,200,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 95.74% of the company’s stock.

About Boston Properties

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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

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