Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.04-$1.07 for the period, compared to the consensus EPS estimate of $1.05. Retail Opportunity Investments also updated its FY 2024 guidance to 1.040-1.070 EPS.
Retail Opportunity Investments Trading Up 0.4 %
NASDAQ ROIC traded up $0.05 during trading on Thursday, hitting $12.93. The stock had a trading volume of 340,776 shares, compared to its average volume of 1,043,691. Retail Opportunity Investments has a twelve month low of $10.98 and a twelve month high of $15.16. The company has a market capitalization of $1.65 billion, a PE ratio of 42.93 and a beta of 1.45. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.01. The firm has a 50 day moving average price of $12.56 and a 200 day moving average price of $12.82.
Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) last posted its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.19). Retail Opportunity Investments had a return on equity of 2.56% and a net margin of 10.40%. The business had revenue of $83.32 million for the quarter, compared to analysts’ expectations of $81.19 million. During the same quarter in the previous year, the firm earned $0.27 EPS. Retail Opportunity Investments’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that Retail Opportunity Investments will post 1.05 earnings per share for the current year.
Retail Opportunity Investments Announces Dividend
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Retail Opportunity Investments from $14.00 to $13.50 and set an equal weight rating on the stock in a research report on Tuesday, May 28th. Bank of America restated an underperform rating and set a $12.00 price objective (down from $14.50) on shares of Retail Opportunity Investments in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Retail Opportunity Investments currently has a consensus rating of Hold and a consensus target price of $14.38.
Read Our Latest Stock Report on ROIC
Retail Opportunity Investments Company Profile
Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.
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