Lineage (LINE) Projected to Post Earnings on Wednesday

Lineage (NASDAQ:LINE) is projected to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Lineage to post earnings of $0.72 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Lineage (NASDAQ:LINE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($3.22). Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts expect Lineage to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Lineage Stock Down 3.0 %

NASDAQ:LINE opened at $58.18 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Lineage has a 1-year low of $52.75 and a 1-year high of $89.85. The business has a 50-day simple moving average of $59.77.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Tuesday, December 31st.

Analyst Ratings Changes

Several analysts have commented on the stock. BNP Paribas began coverage on shares of Lineage in a research report on Tuesday, January 14th. They set a “neutral” rating and a $61.00 price target for the company. JPMorgan Chase & Co. downgraded shares of Lineage from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $78.00 to $75.00 in a research note on Friday, December 20th. Mizuho reduced their price target on Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird lowered their price objective on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Finally, Evercore ISI reduced their target price on Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lineage has a consensus rating of “Moderate Buy” and an average price target of $84.88.

About Lineage

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.