Alexander & Baldwin (NYSE:ALEX) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Alexander & Baldwin (NYSE:ALEX) announced its earnings results on Thursday. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.15 by $0.15, Zacks reports. Alexander & Baldwin had a return on equity of 5.93% and a net margin of 19.64%. Alexander & Baldwin updated its FY 2025 guidance to 1.130-1.200 EPS.

Alexander & Baldwin Trading Down 0.6 %

NYSE:ALEX traded down $0.11 during trading hours on Thursday, hitting $17.99. 346,054 shares of the stock were exchanged, compared to its average volume of 281,967. The company’s 50 day moving average is $17.67 and its two-hundred day moving average is $18.65. Alexander & Baldwin has a twelve month low of $15.53 and a twelve month high of $20.30. 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 company has a market capitalization of $1.31 billion, a P/E ratio of 29.01 and a beta of 1.29.

Alexander & Baldwin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 5.00%. Alexander & Baldwin’s dividend payout ratio is currently 145.16%.

Analysts Set New Price Targets

Several research analysts have recently commented on ALEX shares. StockNews.com raised Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. JMP Securities reaffirmed a “market perform” rating on shares of Alexander & Baldwin in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Alexander & Baldwin presently has an average rating of “Moderate Buy” and an average price target of $22.50.

Alexander & Baldwin Company Profile

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.