Lineage (LINE) Scheduled to Post Earnings on Wednesday

Lineage (NASDAQ:LINE) is set to release its earnings data before the market opens on Wednesday, November 6th. Analysts expect Lineage to post earnings of $0.55 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Lineage Stock Down 2.4 %

Shares of Lineage stock opened at $72.27 on Monday. Lineage has a twelve month low of $72.03 and a twelve month high of $89.85. The company has a 50-day moving average of $79.16. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.95 and a current ratio of 1.10.

Lineage Announces Dividend

The business also recently declared a — dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, September 30th.

Analyst Upgrades and Downgrades

LINE has been the topic of a number of research reports. Morgan Stanley initiated coverage on shares of Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $100.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Lineage from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Scotiabank decreased their target price on shares of Lineage from $95.00 to $94.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 26th. Truist Financial initiated coverage on shares of Lineage in a research note on Monday, August 19th. They issued a “buy” rating and a $94.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $93.00 target price on the stock. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.50.

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.