Equities analysts expect that Retail Opportunity Investments Corp (NASDAQ:ROIC) will post $71.01 million in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Retail Opportunity Investments’ earnings. The highest sales estimate is $72.08 million and the lowest is $69.53 million. Retail Opportunity Investments reported sales of $63.07 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12.6%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, February 21st.
On average, analysts expect that Retail Opportunity Investments will report full-year sales of $71.01 million for the current financial year, with estimates ranging from $267.51 million to $272.59 million. For the next fiscal year, analysts expect that the firm will report sales of $301.64 million per share, with estimates ranging from $290.95 million to $309.54 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Retail Opportunity Investments.
ROIC has been the subject of several research reports. Zacks Investment Research cut shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. BidaskClub cut shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Capital One Financial reaffirmed an “overweight” rating on shares of Retail Opportunity Investments in a research report on Monday, February 12th. KeyCorp reaffirmed a “neutral” rating on shares of Retail Opportunity Investments in a research report on Tuesday, October 24th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $22.00 price target on shares of Retail Opportunity Investments in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.00.
Institutional investors have recently made changes to their positions in the stock. FDx Advisors Inc. purchased a new stake in Retail Opportunity Investments during the 4th quarter worth $221,000. Cubist Systematic Strategies LLC acquired a new position in Retail Opportunity Investments in the 2nd quarter worth $259,000. Eaton Vance Management acquired a new position in Retail Opportunity Investments in the 4th quarter worth $267,000. Ramsey Quantitative Systems acquired a new position in Retail Opportunity Investments in the 4th quarter worth $269,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Retail Opportunity Investments in the 3rd quarter worth $447,000. 97.90% of the stock is owned by hedge funds and other institutional investors.
Shares of Retail Opportunity Investments (NASDAQ:ROIC) opened at $17.62 on Monday. Retail Opportunity Investments has a 12 month low of $16.21 and a 12 month high of $22.37. The stock has a market cap of $1,930.00, a price-to-earnings ratio of 56.84, a PEG ratio of 2.16 and a beta of 0.58. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06.
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Retail Opportunity Investments Company Profile
Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores.
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