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

Alexander & Baldwin (NYSE:ALEX) will likely be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Alexander & Baldwin to post earnings of $0.15 per share and revenue of $49.68 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Alexander & Baldwin Stock Up 1.1 %

Shares of ALEX stock opened at $17.81 on Tuesday. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 28.72 and a beta of 1.29. Alexander & Baldwin has a one year low of $15.53 and a one year high of $20.30. The company’s fifty day moving average price is $17.68 and its 200-day moving average price is $18.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35.

Alexander & Baldwin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a dividend of $0.2225 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.89 annualized dividend and a dividend yield of 5.00%. Alexander & Baldwin’s payout ratio is 145.16%.

Wall Street Analyst Weigh In

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