Alexander & Baldwin (NYSE:ALEX) posted its quarterly earnings data on Thursday. The financial services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.15), Briefing.com reports. The firm had revenue of $109.10 million for the quarter, compared to analyst estimates of $104.63 million. Alexander & Baldwin had a negative return on equity of 8.56% and a negative net margin of 16.70%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 earnings per share.
Shares of ALEX stock traded down $0.07 on Friday, hitting $23.43. 448,000 shares of the stock were exchanged, compared to its average volume of 321,656. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.64 and a quick ratio of 2.64. The business has a 50-day moving average of $23.28. Alexander & Baldwin has a fifty-two week low of $17.58 and a fifty-two week high of $25.69.
In related news, Director Stanley M. Kuriyama sold 6,300 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $23.27, for a total transaction of $146,601.00. Following the sale, the director now owns 331,835 shares in the company, valued at $7,721,800.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Allen Doane, Jr. sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $23.48, for a total value of $234,800.00. The disclosure for this sale can be found here. Insiders have sold 91,590 shares of company stock valued at $2,140,691 over the last ninety days. 6.40% of the stock is owned by insiders.
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.
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