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

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

Alexander & Baldwin Trading Up 2.3 %

Shares of NYSE:ALEX traded up $0.42 on Friday, hitting $18.74. The company had a trading volume of 296,310 shares, compared to its average volume of 324,566. The firm’s 50-day simple moving average is $19.14 and its two-hundred day simple moving average is $17.84. 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 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 30.72 and a beta of 1.26.

Analyst Ratings Changes

ALEX has been the subject of several research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 target price (up from $22.00) on shares of Alexander & Baldwin in a research report on Friday. Alliance Global Partners initiated coverage on shares of Alexander & Baldwin in a research report on Thursday, August 8th. They issued a “buy” rating and a $22.00 target price for the company. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.67.

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.