Alexander & Baldwin (ALEX) Projected to Post Quarterly Earnings on Thursday

Alexander & Baldwin (NYSE:ALEX) is expected to announce its earnings results after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $50.81 million for the quarter. Alexander & Baldwin has set its FY 2025 guidance at 1.130-1.200 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Alexander & Baldwin (NYSE:ALEX) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.15. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. The firm had revenue of $62.45 million for the quarter, compared to the consensus estimate of $49.68 million. On average, analysts expect Alexander & Baldwin to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alexander & Baldwin Stock Up 0.1 %

Shares of NYSE ALEX opened at $16.63 on Thursday. The stock has a market cap of $1.21 billion, a PE ratio of 26.82 and a beta of 1.03. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. Alexander & Baldwin has a 12-month low of $15.53 and a 12-month high of $20.30. The company has a 50-day moving average of $17.38 and a 200 day moving average of $18.11.

Alexander & Baldwin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Friday, March 14th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.41%. Alexander & Baldwin’s dividend payout ratio is 107.14%.

Analyst Ratings Changes

A number of research firms have weighed in on ALEX. Piper Sandler boosted their price objective on Alexander & Baldwin from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. Finally, StockNews.com downgraded shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a research note on Sunday, March 16th.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.