News stories about Alexander & Baldwin (NYSE:ALEX) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alexander & Baldwin earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.1885194633373 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Sherlin Mae Ravida (mauinews.com)
- Coby Ravida (mauinews.com)
- Homer Marble on Letter List in Chicago Tribune (newspapers.com)
- Spoofhounds blank Dragons in Cameron (maryvilledailyforum.com)
- Baldwin leads Missoula to 4-0 win over Helena (columbustelegram.com)
Separately, TheStreet lowered shares of Alexander & Baldwin from a “c” rating to a “d+” rating in a report on Monday, August 6th.
ALEX traded down $0.12 during trading on Friday, reaching $23.26. 1,931 shares of the company traded hands, compared to its average volume of 214,822. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Alexander & Baldwin has a 12-month low of $20.83 and a 12-month high of $46.96.
Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). Alexander & Baldwin had a net margin of 58.20% and a return on equity of 6.28%. The company had revenue of $112.10 million for the quarter, compared to analysts’ expectations of $99.93 million. During the same period last year, the business earned $0.09 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year.
In other Alexander & Baldwin news, Director Stanley M. Kuriyama sold 6,300 shares of the stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of $25.07, for a total transaction of $157,941.00. Following the completion of the sale, the director now directly owns 381,239 shares of the company’s stock, valued at approximately $9,557,661.73. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Allen Doane, Jr. sold 11,250 shares of the stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $23.14, for a total transaction of $260,325.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,850 shares of company stock valued at $566,379. 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.
Read More: Fundamental Analysis
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