Americold Realty Trust (COLD) to Release Earnings on Thursday

Americold Realty Trust (NYSE:COLD) is set to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Americold Realty Trust to post earnings of $0.34 per share for the quarter. Americold Realty Trust has set its FY24 guidance at $1.44-1.50 EPS and its FY 2024 guidance at 1.440-1.500 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). The firm had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. Americold Realty Trust’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.28 EPS. On average, analysts expect Americold Realty Trust to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock opened at $25.91 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of -22.14, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. Americold Realty Trust has a one year low of $21.87 and a one year high of $30.92. The stock’s 50-day moving average is $28.01 and its 200-day moving average is $26.76.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.40%. Americold Realty Trust’s dividend payout ratio is currently -75.21%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on COLD shares. Scotiabank increased their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Robert W. Baird increased their price objective on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Barclays lifted their target price on Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday. Wells Fargo & Company increased their price target on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Truist Financial boosted their price target on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.18.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.