Sidoti Csr Raises Earnings Estimates for Alexander & Baldwin

Alexander & Baldwin, Inc. (NYSE:ALEX) – Investment analysts at Sidoti Csr lifted their Q1 2025 earnings per share estimates for shares of Alexander & Baldwin in a report issued on Monday, March 3rd. Sidoti Csr analyst B. Mccarthy now forecasts that the financial services provider will post earnings of $0.28 per share for the quarter, up from their prior estimate of $0.27. The consensus estimate for Alexander & Baldwin’s current full-year earnings is $1.35 per share. Sidoti Csr also issued estimates for Alexander & Baldwin’s Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.28 EPS and FY2025 earnings at $1.16 EPS.

Other equities analysts also recently issued reports about the company. StockNews.com downgraded Alexander & Baldwin from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. Finally, Piper Sandler lifted their price target on Alexander & Baldwin from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th.

Alexander & Baldwin Price Performance

ALEX stock opened at $17.78 on Wednesday. The firm has a 50 day moving average of $17.70 and a 200-day moving average of $18.63. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 28.67 and a beta of 1.29. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. Alexander & Baldwin has a 12-month low of $15.53 and a 12-month high of $20.30.

Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15. The business had revenue of $62.45 million during the quarter, compared to the consensus estimate of $49.68 million. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%.

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 5.06%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. Alexander & Baldwin’s dividend payout ratio is 107.14%.

Hedge Funds Weigh In On Alexander & Baldwin

Several hedge funds have recently bought and sold shares of ALEX. Smartleaf Asset Management LLC lifted its position in shares of Alexander & Baldwin by 284.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,239 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Alexander & Baldwin by 90.0% in the 4th quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,034 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Alexander & Baldwin by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 727 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Alexander & Baldwin by 19.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 572 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Alexander & Baldwin by 53.6% during the third quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,338 shares in the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.

About Alexander & Baldwin

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.