ALEX Stock Recent News

Alexander & Baldwin, Inc. (NYSE:ALEX ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Steve Swett - Investor Relations Lance Parker - Chief Executive Officer Clayton Chun - Chief Financial Officer Kit Millan - Senior Vice President-Asset Management Conference Call Participants Connor Mitchell - Piper Sandler Operator Hello, and welcome to the Alexander & Baldwin Third Quarter 2023 earnings conference call. All participants will be in listen only mode.

Alexander & Baldwin's current P/FFO valuation multiple is way below its historical average. Alexander & Baldwin's potential catalysts include a faster pace of share repurchases, initiatives to maximize the value of portfolio assets, and earnings beats for Q4 2023 and 2024. I retain my Buy rating for ALEX in consideration of both valuations and catalysts.

HONOLULU , Oct. 13, 2023 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, will report results for the third quarter 2023 after the market closes on Thursday, November 2, 2023. In connection with this announcement, A&B will host a conference call on Thursday, November 2, 2023, at 5:00 p.m.

Alexander & Baldwin Holdings, Inc. (ALEX) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Alexander & Baldwin Holdings, Inc. (ALEX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Alexander & Baldwin is a pure-play Hawaiian operator of commercial real estate properties. Though operations are centered on the Island of Oahu, the company's overall concentration on the Hawaiian Island chain exposes them to significant risks resulting from the 2023 Maui Wildfires. Rising insurance premiums and disruptions in the ongoing disposition efforts of Grace Pacific are two visible risks.

Alexander & Baldwin, Inc. (NYSE:ALEX ) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Steve Swett – Investor Relations Lance Parker – Chief Executive Officer Clayton Chun – Chief Financial Officer Kit Millan – Senior Vice President-Asset Management Conference Call Participants Alexander Goldfarb – Piper Sandler Mitch Germain – JMP Securities Operator Good afternoon, and welcome to the Alexander & Baldwin Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

Shares in Alexander & Baldwin (“A&B”) remain in a narrow trading range. But they are outperforming much of their peer set. Market dominance in the Hawaiian Islands continues to provide a protective moat to their core business. A&B can rise higher from current trading levels. But ongoing efforts to dispose of a discontinued unit creates near-term uncertainties.

Here is how Alexander & Baldwin Holdings, Inc. (ALEX) and Interactive Brokers Group, Inc. (IBKR) have performed compared to their sector so far this year.

Here is how Alexander & Baldwin Holdings, Inc. (ALEX) and Banco Bilbao (BBVA) have performed compared to their sector so far this year.