Somewhat Positive News Coverage Somewhat Unlikely to Impact Alexander & Baldwin (ALEX) Share Price

News stories about Alexander & Baldwin (NYSE:ALEX) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alexander & Baldwin earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.8758278088184 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern’s scoring:

Shares of Alexander & Baldwin opened at $20.91 on Thursday, MarketBeat reports. Alexander & Baldwin has a 12-month low of $20.83 and a 12-month high of $46.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.35 and a quick ratio of 1.35.

Alexander & Baldwin (NYSE:ALEX) last issued its earnings results on Tuesday, May 8th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.42. The business had revenue of $113.30 million during the quarter, compared to the consensus estimate of $121.25 million. Alexander & Baldwin had a return on equity of 6.56% and a net margin of 60.48%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS.

Separately, JMP Securities raised Alexander & Baldwin from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 20th.

In related news, Director David C. Hulihee sold 8,101 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $22.56, for a total value of $182,758.56. Following the sale, the director now owns 971,117 shares in the company, valued at approximately $21,908,399.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stanley M. Kuriyama sold 6,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $21.26, for a total value of $133,938.00. Following the completion of the sale, the director now owns 393,839 shares in the company, valued at approximately $8,373,017.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,604 shares of company stock valued at $833,976. Company insiders own 6.70% of the company’s stock.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc is a Hawai`i corporation, and has elected to qualify as a Real Estate Investment Trust (REIT) beginning with the 2017 tax year. A&B owns, operates and manages 4.1 million square feet of retail, industrial and office space primarily in Hawai`i and on the U.S. Mainland, and is the largest owner of grocery/drug-anchored retail centers in Hawai`i.

Insider Buying and Selling by Quarter for Alexander & Baldwin (NYSE:ALEX)

Receive News & Ratings for Alexander & Baldwin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit