Alexander & Baldwin (NYSE:ALEX) Releases FY 2024 Earnings Guidance

Alexander & Baldwin (NYSE:ALEX) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.050-1.120 for the period, compared to the consensus estimate of 1.270. The company issued revenue guidance of -.

Alexander & Baldwin Price Performance

ALEX stock traded up $0.05 during midday trading on Thursday, hitting $18.32. The company’s stock had a trading volume of 249,361 shares, compared to its average volume of 324,704. Alexander & Baldwin has a 12 month low of $15.53 and a 12 month high of $20.30. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 29.98 and a beta of 1.26. The company has a 50 day moving average of $19.16 and a two-hundred day moving average of $17.81.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Alliance Global Partners assumed coverage on Alexander & Baldwin in a research report on Thursday, August 8th. They set a “buy” rating and a $22.00 target price for the company. Piper Sandler upgraded Alexander & Baldwin from a “neutral” rating to an “overweight” rating and increased their target price for the company from $17.00 to $22.00 in a research report on Friday, July 26th. 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 MarketBeat.com, Alexander & Baldwin presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

About Alexander & Baldwin

Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai’i commercial real estate and is the state’s largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai’i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets.