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

Alexander & Baldwin (NYSE:ALEX) is anticipated to issue its quarterly earnings data 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.Investors that wish to listen to the company’s conference call can do so using this link.

Alexander & Baldwin (NYSE:ALEX) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. Alexander & Baldwin had a return on equity of 5.93% and a net margin of 19.64%. The company had revenue of $62.45 million for the quarter, compared to analysts’ expectations 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 Trading Up 0.1 %

ALEX opened at $16.63 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.21 billion, a P/E ratio of 26.82 and a beta of 1.03. Alexander & Baldwin has a 52 week low of $15.53 and a 52 week high of $20.30. The business has a fifty day simple moving average of $17.38 and a 200-day simple moving average of $18.11.

Alexander & Baldwin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Friday, March 14th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.41%. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 14th. Alexander & Baldwin’s dividend payout ratio (DPR) is 107.14%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ALEX. Piper Sandler increased their price target on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. StockNews.com lowered shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a report on Sunday, March 16th. Finally, JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research note on Monday, January 6th.

About Alexander & Baldwin

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.