Americold Realty Trust (COLD) Expected to Announce Quarterly Earnings on Thursday

Americold Realty Trust (NYSE:COLD) is expected to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $684.03 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $21.41 on Thursday. Americold Realty Trust has a 52-week low of $20.41 and a 52-week high of $30.45. The stock’s 50-day moving average price is $21.74 and its 200 day moving average price is $25.15. The stock has a market capitalization of $6.09 billion, a PE ratio of -21.20, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.22 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 4.11%. Americold Realty Trust’s payout ratio is -87.13%.

Insider Buying and Selling

In related news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the sale, the senior vice president now owns 1,837 shares in the company, valued at $41,589.68. This represents a 49.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial decreased their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Citigroup decreased their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Raymond James cut their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Robert W. Baird cut their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Barclays cut their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $29.17.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.