Alexander & Baldwin (NYSE:ALEX) Releases FY 2022 Earnings Guidance

Alexander & Baldwin (NYSE:ALEXGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.01-$1.07 for the period. The company issued revenue guidance of -.

ALEX stock traded up $0.05 during trading on Monday, reaching $20.90. The stock had a trading volume of 1,043 shares, compared to its average volume of 326,971. The firm has a market cap of $1.52 billion, a PE ratio of 42.55 and a beta of 1.30. The company has a current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $22.35 and its two-hundred day moving average is $23.15. Alexander & Baldwin has a 52 week low of $17.63 and a 52 week high of $26.57.

Alexander & Baldwin (NYSE:ALEXGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Alexander & Baldwin had a net margin of 9.08% and a return on equity of 3.43%. During the same period in the prior year, the business earned $0.21 EPS. On average, research analysts anticipate that Alexander & Baldwin will post 1.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Stockholders of record on Friday, June 17th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.83%. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, June 16th. Alexander & Baldwin’s dividend payout ratio is 155.10%.

A number of brokerages have commented on ALEX. Zacks Investment Research cut Alexander & Baldwin from a buy rating to a hold rating in a research report on Wednesday, April 27th. StockNews.com started coverage on shares of Alexander & Baldwin in a report on Thursday, March 31st. They set a hold rating on the stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. grew its position in shares of Alexander & Baldwin by 16.2% during the first quarter. Invesco Ltd. now owns 287,963 shares of the financial services provider’s stock valued at $6,678,000 after purchasing an additional 40,076 shares in the last quarter. UBS Group AG boosted its stake in Alexander & Baldwin by 10.0% during the first quarter. UBS Group AG now owns 73,413 shares of the financial services provider’s stock valued at $1,702,000 after buying an additional 6,684 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Alexander & Baldwin by 30.8% during the 1st quarter. Hsbc Holdings PLC now owns 39,419 shares of the financial services provider’s stock valued at $921,000 after buying an additional 9,286 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Alexander & Baldwin by 39.7% during the 1st quarter. Renaissance Technologies LLC now owns 52,831 shares of the financial services provider’s stock worth $1,225,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Alexander & Baldwin by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,257,643 shares of the financial services provider’s stock valued at $29,165,000 after acquiring an additional 22,758 shares during the last quarter. 87.23% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Company Profile (Get Rating)

Alexander & Baldwin, Inc ("A&B") is Hawai'i's premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, ten industrial assets and four office properties, as well as 154 acres of ground leases.

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Earnings History and Estimates for Alexander & Baldwin (NYSE:ALEX)

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