$0.24 Earnings Per Share Expected for Americold Realty Trust (NYSE:COLD) This Quarter

Brokerages predict that Americold Realty Trust (NYSE:COLD – Get Rating) will report earnings of $0.24 per share for the current quarter, according to Zacks. Three analysts have made estimates for Americold Realty Trust’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.20. Americold Realty Trust posted earnings of $0.30 per share during the same quarter last year, which would suggest a negative year over year growth rate of 20%. The firm is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Americold Realty Trust will report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.06. For the next fiscal year, analysts expect that the business will report earnings of $1.27 per share, with EPS estimates ranging from $1.20 to $1.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Americold Realty Trust.

Americold Realty Trust (NYSE:COLD – Get Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.09). Americold Realty Trust had a negative return on equity of 0.78% and a negative net margin of 1.12%. The business had revenue of $716.50 million during the quarter, compared to the consensus estimate of $722.10 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 36.8% on a year-over-year basis.

A number of research analysts have weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Americold Realty Trust from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 2nd. Evercore ISI assumed coverage on shares of Americold Realty Trust in a research report on Thursday, January 20th. They set an “outperform” rating and a $34.00 price objective on the stock. Wolfe Research assumed coverage on shares of Americold Realty Trust in a research note on Monday, January 3rd. They set a “market perform” rating and a $37.00 target price for the company. TheStreet lowered shares of Americold Realty Trust from a “c-” rating to a “d+” rating in a research note on Thursday, March 17th. Finally, JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $35.00 to $30.00 in a research note on Friday, February 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.36.

COLD traded down $0.62 during trading hours on Wednesday, hitting $27.69. The company’s stock had a trading volume of 31,572 shares, compared to its average volume of 2,036,935. The business’s 50-day moving average price is $27.53 and its 200-day moving average price is $29.56. Americold Realty Trust has a 12 month low of $25.09 and a 12 month high of $40.85. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of -235.90, a P/E/G ratio of 12.14 and a beta of 0.31. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.12.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 15th. Stockholders of record on Thursday, March 31st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.18%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -733.27%.

In other news, insider Thomas C. Novosel sold 9,000 shares of the company’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $27.52, for a total transaction of $247,680.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new stake in shares of Americold Realty Trust in the fourth quarter worth about $26,000. National Bank of Canada FI purchased a new stake in shares of Americold Realty Trust in the fourth quarter worth about $27,000. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Americold Realty Trust in the fourth quarter worth about $27,000. Parallel Advisors LLC raised its holdings in Americold Realty Trust by 158.9% in the 4th quarter. Parallel Advisors LLC now owns 1,476 shares of the company’s stock worth $48,000 after purchasing an additional 906 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in Americold Realty Trust by 63.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,726 shares of the company’s stock worth $57,000 after purchasing an additional 667 shares during the period.

About Americold Realty Trust (Get Rating)

Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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