Alexander & Baldwin (ALEX) to Release Quarterly Earnings on Thursday

Alexander & Baldwin (NYSE:ALEX) is expected to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $49.68 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Alexander & Baldwin Trading Down 0.7 %

ALEX opened at $17.61 on Thursday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 28.41 and a beta of 1.29. The stock’s 50 day moving average price is $17.75 and its 200-day moving average price is $18.69. Alexander & Baldwin has a one year low of $15.53 and a one year high of $20.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35.

Alexander & Baldwin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid a $0.2225 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.89 annualized dividend and a yield of 5.05%. Alexander & Baldwin’s dividend payout ratio (DPR) is currently 145.16%.

Analysts Set New Price Targets

ALEX has been the topic of several research analyst reports. JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 target price (up previously from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. Finally, StockNews.com raised Alexander & Baldwin from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.50.

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.