Lineage (LINE) Projected to Post Quarterly Earnings on Wednesday

Lineage (NASDAQ:LINE) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Lineage to post earnings of $0.71 per share and revenue of $1.35 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Lineage Price Performance

NASDAQ LINE opened at $55.53 on Wednesday. The company has a 50-day simple moving average of $58.42 and a two-hundred day simple moving average of $69.85. Lineage has a 12-month low of $52.75 and a 12-month high of $89.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Tuesday, December 31st.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Lineage from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $78.00 to $75.00 in a research report on Friday, December 20th. Evercore ISI dropped their price target on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Scotiabank decreased their price objective on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird lowered their price objective on shares of Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group cut their target price on Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Seven 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.88.

Lineage Company Profile

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.