Americold Realty Trust (COLD) Set to Announce 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.Parties interested in listening to the company’s conference call can do so using this link.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) 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 firm had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. During the same period last year, the company earned $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 Trading Up 1.5 %

Shares of COLD opened at $26.20 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. Americold Realty Trust has a 12-month low of $21.87 and a 12-month high of $30.92. The firm has a market capitalization of $7.44 billion, a PE ratio of -25.94, a price-to-earnings-growth ratio of 1.68 and a beta of 0.61. The stock’s fifty day simple moving average is $27.67 and its 200-day simple moving average is $26.86.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COLD. Evercore ISI upped their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Scotiabank upped their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Robert W. Baird upped their price objective on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Truist Financial increased their price target on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Barclays increased their price target on Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.