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

Alexander & Baldwin (NYSE:ALEX) released its quarterly earnings data on Thursday. The financial services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15, Zacks reports. The firm had revenue of $62.45 million for the quarter, compared to the consensus estimate of $49.68 million. 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 Stock Performance

ALEX stock traded up $0.31 on Friday, reaching $18.31. 475,605 shares of the company were exchanged, compared to its average volume of 286,407. The firm has a market capitalization of $1.33 billion, a PE ratio of 29.54 and a beta of 1.29. Alexander & Baldwin has a 12 month low of $15.53 and a 12 month high of $20.30. The stock’s fifty day moving average price is $17.68 and its 200 day moving average price is $18.65. 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 Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ALEX shares. StockNews.com upgraded shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Piper Sandler raised their target price on Alexander & Baldwin from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Friday. Finally, JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.