Retail Opportunity Investments (NASDAQ:ROIC) Releases FY 2024 Earnings Guidance

Posted by Steve Reilly on Jul 23rd, 2024

Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.040-1.070 for the period, compared to the consensus estimate of 1.050. The company issued revenue guidance of -. Retail Opportunity Investments also updated its FY24 guidance to $1.04-$1.07 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ROIC. Bank of America reissued an underperform rating and issued a $12.00 price target (down previously from $14.50) on shares of Retail Opportunity Investments in a report on Friday, April 5th. Wells Fargo & Company cut their price target on shares of Retail Opportunity Investments from $14.00 to $13.50 and set an equal weight rating on the stock in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $14.38.

View Our Latest Analysis on Retail Opportunity Investments

Retail Opportunity Investments Trading Down 1.2 %

Retail Opportunity Investments stock traded down $0.16 during trading hours on Tuesday, reaching $13.48. The stock had a trading volume of 959,074 shares, compared to its average volume of 1,043,816. The company has a fifty day simple moving average of $12.54 and a 200-day simple moving average of $12.82. Retail Opportunity Investments has a 52 week low of $10.98 and a 52 week high of $15.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $1.72 billion, a PE ratio of 44.87 and a beta of 1.45.

Retail Opportunity Investments Company Profile

(Get Free Report)

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.