Alexander & Baldwin (ALEX) to Release Earnings on Thursday

Alexander & Baldwin (NYSE:ALEX) is anticipated to post 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 interested in participating in the company’s earnings conference call can do so using this link.

Alexander & Baldwin Stock Performance

Shares of ALEX stock opened at $17.81 on Tuesday. Alexander & Baldwin has a one year low of $15.53 and a one year high of $20.30. The company’s 50-day moving average is $17.68 and its 200 day moving average is $18.66. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 28.72 and a beta of 1.29. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ALEX shares. JMP Securities reaffirmed a “market perform” rating on shares of Alexander & Baldwin in a report on Monday, January 6th. StockNews.com raised shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.