Alexander & Baldwin (NYSE:ALEX – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.990-1.080 for the period, compared to the consensus EPS estimate of 1.140. The company issued revenue guidance of -.
Alexander & Baldwin Trading Up 6.2 %
NYSE:ALEX traded up $1.14 on Friday, reaching $19.50. The company’s stock had a trading volume of 1,427,476 shares, compared to its average volume of 321,017. Alexander & Baldwin has a 12-month low of $15.53 and a 12-month high of $20.30. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 31.96 and a beta of 1.26. The stock has a 50 day moving average price of $16.99 and a 200 day moving average price of $16.87.
Alexander & Baldwin (NYSE:ALEX – Get Free Report) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Alexander & Baldwin had a return on equity of 4.76% and a net margin of 20.25%. The company had revenue of $61.20 million for the quarter, compared to the consensus estimate of $51.55 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, equities analysts anticipate that Alexander & Baldwin will post 1.15 EPS for the current fiscal year.
Alexander & Baldwin Increases Dividend
Wall Street Analyst Weigh In
Separately, Piper Sandler raised Alexander & Baldwin from a neutral rating to an overweight rating and lifted their price objective for the company from $17.00 to $22.00 in a research note on Friday. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $21.00.
Get Our Latest Report on Alexander & Baldwin
Alexander & Baldwin Company Profile
Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets.
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