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

Alexander & Baldwin (NYSE:ALEX) updated its FY 2024 earnings guidance on Thursday. 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 -.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Piper Sandler raised shares of Alexander & Baldwin from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $17.00 to $22.00 in a report on Friday, July 26th. Alliance Global Partners started coverage on shares of Alexander & Baldwin in a report on Thursday, August 8th. They issued a “buy” rating and a $22.00 price target for the company. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

Alexander & Baldwin Stock Performance

Shares of NYSE:ALEX traded up $0.07 during midday trading on Thursday, reaching $18.34. The company’s stock had a trading volume of 249,361 shares, compared to its average volume of 324,704. The firm has a market capitalization of $1.33 billion, a PE ratio of 30.07 and a beta of 1.26. Alexander & Baldwin has a twelve month low of $15.53 and a twelve month high of $20.30. The stock has a fifty day moving average of $19.14 and a 200 day moving average of $17.82. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.47.

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.