Alexander & Baldwin Stock Price Up 7.4% After Strong Earnings (ALEX)
Shares of Alexander & Baldwin (NASDAQ:ALEX) rose 7.4% during mid-day trading on Friday following a stronger than expected earnings report, AmericanBankingNews.com reports. The company traded as high as $42.43 and last traded at $41.45, with a volume of 179,820 shares changing hands. The stock had previously closed at $38.58.
The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.19. The company had revenue of $204.80 million for the quarter, compared to the consensus estimate of $161.50 million.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 6th. Investors of record on Monday, February 10th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, February 6th.
Matson, Inc (NASDAQ:ALEX) is a United States carrier in the Pacific.
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