Alexander & Baldwin (NYSE:ALEX) Releases FY 2024 Earnings Guidance

Alexander & Baldwin (NYSE:ALEX) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.050-1.120 for the period, compared to the consensus earnings per share estimate of 1.270. The company issued revenue guidance of -.

Alexander & Baldwin Trading Up 2.3 %

Shares of ALEX stock traded up $0.42 during trading hours on Friday, reaching $18.74. The company had a trading volume of 296,215 shares, compared to its average volume of 324,566. Alexander & Baldwin has a 1-year low of $15.53 and a 1-year high of $20.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 31.28 and a beta of 1.26. The company has a 50 day moving average of $19.14 and a 200 day moving average of $17.82.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ALEX shares. Alliance Global Partners initiated coverage on Alexander & Baldwin in a research note on Thursday, August 8th. They issued a “buy” rating and a $22.00 price target for the company. Piper Sandler reiterated an “overweight” rating and issued a $23.00 target price (up from $22.00) on shares of Alexander & Baldwin in a report on Friday. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Alexander & Baldwin presently has a consensus rating of “Moderate Buy” and an average price target of $21.67.

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.