Americold Realty Trust (COLD) to Release Quarterly Earnings on Thursday

Americold Realty Trust (NYSE:COLD) is scheduled to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce 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.Investors that are interested in registering for the company’s conference call can do so using this link.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.54). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The company had revenue of $660.96 million during the quarter, compared to analyst estimates of $653.74 million. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. 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 Price Performance

Shares of COLD stock opened at $25.91 on Thursday. Americold Realty Trust has a 1 year low of $21.87 and a 1 year high of $30.92. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $28.01 and its 200-day moving average is $26.76. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of -22.14, a PEG ratio of 1.77 and a beta of 0.60.

Americold Realty Trust Announces Dividend

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

Wall Street Analyst Weigh In

COLD has been the subject of a number of recent research reports. Evercore ISI boosted their target price on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Scotiabank upped their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Robert W. Baird boosted their price target 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 raised their price objective on shares of Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Truist Financial upped their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.18.

About Americold Realty Trust

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.