Alexander & Baldwin (NYSE:ALEX – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.990-1.080 for the period, compared to the consensus estimate of 1.140. The company issued revenue guidance of -.
Alexander & Baldwin Stock Up 6.2 %
Shares of ALEX traded up $1.14 during trading hours on Friday, hitting $19.50. The company had a trading volume of 1,427,476 shares, compared to its average volume of 321,017. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.42 billion, a PE ratio of 31.96 and a beta of 1.26. Alexander & Baldwin has a one year low of $15.53 and a one year high of $20.30. The company’s fifty day moving average price is $16.99 and its two-hundred day moving average price is $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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $61.20 million for the quarter, compared to analyst estimates of $51.55 million. Alexander & Baldwin had a return on equity of 4.76% and a net margin of 20.25%. During the same quarter in the previous year, the firm earned $0.29 earnings per share. As a group, equities analysts forecast that Alexander & Baldwin will post 1.15 earnings per share for the current fiscal year.
Alexander & Baldwin Increases Dividend
Wall Street Analysts Forecast Growth
Separately, Piper Sandler raised shares of Alexander & Baldwin from a neutral rating to an overweight rating and increased their target price for the company from $17.00 to $22.00 in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $21.00.
Get Our Latest Stock Analysis 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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