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 -.

Wall Street Analyst Weigh In

Several brokerages recently commented on ALEX. Piper Sandler reissued an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of Alexander & Baldwin in a research report on Friday. Alliance Global Partners began coverage on shares of Alexander & Baldwin in a report on Thursday, August 8th. They set a “buy” rating and a $22.00 price target on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.67.

Alexander & Baldwin Stock Performance

Alexander & Baldwin stock traded up $0.42 during midday trading on Friday, reaching $18.74. 296,310 shares of the company traded hands, compared to its average volume of 324,566. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.53. Alexander & Baldwin has a 12 month low of $15.53 and a 12 month high of $20.30. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 30.72 and a beta of 1.26. The business has a 50 day moving average of $19.14 and a two-hundred day moving average of $17.85.

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.