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

Alexander & Baldwin (NYSE:ALEX) posted its quarterly earnings results on Thursday. The financial services provider reported $0.30 EPS for the quarter, beating 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%. The firm had revenue of $62.45 million during the quarter, compared to analysts’ expectations of $49.68 million. Alexander & Baldwin updated its FY 2025 guidance to 1.130-1.200 EPS.

Alexander & Baldwin Price Performance

Alexander & Baldwin stock traded up $0.31 during mid-day trading on Friday, hitting $18.31. 475,605 shares of the company were exchanged, compared to its average volume of 286,407. The company has a market capitalization of $1.33 billion, a PE ratio of 29.54 and a beta of 1.29. The business has a fifty day moving average of $17.68 and a 200 day moving average of $18.65. Alexander & Baldwin has a 1-year low of $15.53 and a 1-year 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.

Alexander & Baldwin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 14th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.92%. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 14th. Alexander & Baldwin’s dividend payout ratio is 145.16%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ALEX shares. StockNews.com upgraded Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Piper Sandler increased their price objective on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday. Finally, JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a research 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 stock. According to data from MarketBeat.com, Alexander & Baldwin presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

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.