Alexander & Baldwin (NYSE:ALEX - Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.15 by $0.15, Zacks reports. The company had revenue of $62.45 million during the quarter, compared to analysts' expectations of $49.68 million. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. Alexander & Baldwin updated its FY 2025 guidance to 1.130-1.200 EPS.
Alexander & Baldwin Price Performance
Shares of NYSE ALEX traded down $0.15 during midday trading on Monday, hitting $17.96. 423,059 shares of the company's stock were exchanged, compared to its average volume of 316,000. Alexander & Baldwin has a 12-month low of $15.53 and a 12-month high of $20.30. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 28.97 and a beta of 1.29. The business's fifty day moving average price is $17.69 and its two-hundred day moving average price is $18.64.
Alexander & Baldwin Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Alexander & Baldwin's previous quarterly dividend of $0.22. Alexander & Baldwin's payout ratio is presently 107.14%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the stock. JMP Securities reissued a "market perform" rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. StockNews.com cut shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a report on Friday. Finally, Piper Sandler raised their price objective on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a report on Friday.
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About Alexander & Baldwin
(
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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.
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