Alexander & Baldwin Inc (ALEX) Releases Earnings Results, Misses Expectations By $-0.35 EPS

Alexander & Baldwin Inc (ALEX) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.35. Analysts had a consensus of $0.20. The company posted revenue of $108.80 million in the period, compared to analysts expectations of $151.30 million. The company’s revenue was down -27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Alexander & Baldwin Inc (ALEX) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $37.72 and reached the intraday high at $38.2. The bulls started the profit booking and pushed the shares to intraday low of $37.5501. The trading session was marked by a volume range of 2,31,419 shares exchanging hands. The 52-week high of the shares is $43.13 and the 52-week low is $28.82. The market cap of the company stands at $1,856 M and there are 4,89,50,736 shares in public circulation.

In a different news, on Sep 2, 2015, Meredith J Ching (Sr. Vice Pres. Gov’t Rel.) purchased 150 shares at $33.50 per share price. According to the SEC, on Sep 1, 2015, David C Hulihee (director) purchased 17,810 shares at $33.36 per share price. On Aug 27, 2015, Stanley M Kuriyama (CEO) purchased 5,000 shares at $33.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Alexander & Baldwin Inc. (A&B) is a company engaged in real estate development real estate leasing materials and construction and agribusiness. The Company operates in four segments: Real Estate Development and Sales Real Estate Leasing Materials and Construction and Agribusiness. The Real Estate Development and Sales segment generates its revenues through a program of land stewardship planning entitlement development real estate investment and sale of land and commercial and residential properties in Hawaii. The Real Estate Leasing segment owns operates and manages a portfolio of 60 retail office and industrial properties in Hawaii and on the Mainland totaling 5.1 million square feet of gross leasable area (GLA). The Materials and Construction segment performs asphalt paving as prime contractor and subcontractor. The Agribusiness segment produces bulk raw sugar specialty food grade sugars and molasses.

Alexander & Baldwin Inc

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