Alexander & Baldwin (ALEX) Set to Announce Earnings on Thursday

Alexander & Baldwin (NYSE:ALEX) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Alexander & Baldwin Stock Performance

Shares of NYSE:ALEX opened at $16.13 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. Alexander & Baldwin has a 12 month low of $15.53 and a 12 month high of $19.99. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 40.33 and a beta of 1.21. The firm’s 50-day moving average is $16.45 and its 200 day moving average is $16.98.

Alexander & Baldwin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.2225 per share. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.52%. Alexander & Baldwin’s dividend payout ratio is currently 222.50%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ALEX. TheStreet lowered Alexander & Baldwin from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. Piper Sandler lowered their price objective on shares of Alexander & Baldwin from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.50.

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.