Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.030-1.050 for the period, compared to the consensus EPS estimate of 1.050. The company issued revenue guidance of -.
Shares of ROIC traded down $0.04 during mid-day trading on Tuesday, reaching $15.67. The company had a trading volume of 528,048 shares, compared to its average volume of 1,083,449. Retail Opportunity Investments has a 52 week low of $10.98 and a 52 week high of $16.27. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 52.37, a price-to-earnings-growth ratio of 2.07 and a beta of 1.45. The firm has a 50-day moving average price of $15.52 and a 200 day moving average price of $13.76.
Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.19). The firm had revenue of $83.32 million during the quarter, compared to the consensus estimate of $81.19 million. Retail Opportunity Investments had a return on equity of 2.57% and a net margin of 10.40%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, sell-side analysts forecast that Retail Opportunity Investments will post 1.05 EPS for the current year.
Several brokerages have commented on ROIC. StockNews.com upgraded Retail Opportunity Investments from a "sell" rating to a "hold" rating in a research note on Monday, August 19th. Wells Fargo & Company lifted their price objective on Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Finally, Raymond James upped their target price on shares of Retail Opportunity Investments from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $15.00.
Get Our Latest Stock Report on Retail Opportunity Investments
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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