Alexander & Baldwin (NYSE:ALEX) released its quarterly earnings data on Thursday. The financial services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09, Briefing.com reports. Alexander & Baldwin had a return on equity of 6.28% and a net margin of 58.20%. The company had revenue of $119.40 million for the quarter, compared to analyst estimates of $107.27 million. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue was up 7.1% compared to the same quarter last year.
Shares of ALEX stock traded up $1.38 during trading hours on Friday, hitting $21.15. The company had a trading volume of 1,103,300 shares, compared to its average volume of 357,862. Alexander & Baldwin has a 12 month low of $19.14 and a 12 month high of $45.55. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.59.
Separately, TheStreet lowered Alexander & Baldwin from a “c” rating to a “d+” rating in a research note on Monday, August 6th.
In other news, Director Stanley M. Kuriyama sold 6,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $22.96, for a total value of $144,648.00. Following the sale, the director now directly owns 368,639 shares in the company, valued at approximately $8,463,951.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 18,901 shares of company stock worth $429,179. Corporate insiders own 6.70% of the company’s stock.
Alexander & Baldwin Company Profile
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. With a portfolio of approximately 87,000 acres in Hawai`i, A&B is the state's fourth largest private landowner. A&B is a fully integrated real estate investment trust and owns, operates and manages 3.3 million square feet of primarily retail and industrial space in Hawai`i.
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