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

Alexander & Baldwin (NYSE:ALEX) is scheduled to announce 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

Alexander & Baldwin Stock Performance

Alexander & Baldwin stock opened at $16.30 on Wednesday. The company has a market cap of $1.18 billion, a PE ratio of 40.75 and a beta of 1.21. Alexander & Baldwin has a 12 month low of $15.53 and a 12 month high of $19.99. The company has a fifty day moving average price of $16.43 and a two-hundred day moving average price of $16.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43.

Alexander & Baldwin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date was Thursday, March 14th. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. Alexander & Baldwin’s payout ratio is 222.50%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ALEX shares. Piper Sandler cut their price objective on shares of Alexander & Baldwin from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. TheStreet lowered Alexander & Baldwin from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Alexander & Baldwin currently has an average rating of “Hold” and a consensus 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.