Americold Realty Trust Forecasted to Earn Q1 2022 Earnings of $0.21 Per Share (NYSE:COLD)

Americold Realty Trust (NYSE:COLDGet Rating) – Equities research analysts at KeyCorp issued their Q1 2022 earnings per share (EPS) estimates for Americold Realty Trust in a report released on Wednesday, April 20th. KeyCorp analyst T. Thomas forecasts that the company will earn $0.21 per share for the quarter. KeyCorp also issued estimates for Americold Realty Trust’s Q2 2022 earnings at $0.21 EPS, Q3 2022 earnings at $0.22 EPS, Q4 2022 earnings at $0.28 EPS, FY2022 earnings at $0.92 EPS, Q1 2023 earnings at $0.27 EPS, Q2 2023 earnings at $0.27 EPS, Q3 2023 earnings at $0.34 EPS, Q4 2023 earnings at $0.43 EPS and FY2023 earnings at $1.31 EPS.

Americold Realty Trust (NYSE:COLDGet Rating) last issued its earnings results on Wednesday, February 23rd. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $716.50 million for the quarter, compared to analysts’ expectations of $722.10 million. During the same period last year, the firm earned $0.37 earnings per share. Americold Realty Trust’s revenue for the quarter was up 36.8% on a year-over-year basis.

A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, January 7th. Wolfe Research assumed coverage on shares of Americold Realty Trust in a research report on Monday, January 3rd. They set a “market perform” rating and a $37.00 price target for the company. Royal Bank of Canada dropped their price target on shares of Americold Realty Trust from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, March 2nd. Bank of America cut shares of Americold Realty Trust from a “buy” rating to an “underperform” rating and dropped their price target for the company from $35.00 to $30.00 in a research report on Wednesday, January 19th. Finally, Barclays dropped their price target on shares of Americold Realty Trust from $30.00 to $27.00 and set an “underweight” rating for the company in a research report on Friday, April 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust presently has an average rating of “Hold” and an average price target of $35.36.

Shares of COLD stock opened at $28.17 on Monday. Americold Realty Trust has a 12 month low of $25.09 and a 12 month high of $40.85. The company has a market capitalization of $7.57 billion, a PE ratio of -234.73, a price-to-earnings-growth ratio of 12.05 and a beta of 0.31. The firm’s 50-day moving average is $27.55 and its two-hundred day moving average is $29.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.17 and a quick ratio of 0.17.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC grew its holdings in Americold Realty Trust by 1.9% during the 4th quarter. Squarepoint Ops LLC now owns 22,994 shares of the company’s stock worth $754,000 after acquiring an additional 432 shares in the last quarter. Harbour Investments Inc. grew its holdings in Americold Realty Trust by 17.0% during the 4th quarter. Harbour Investments Inc. now owns 3,083 shares of the company’s stock worth $101,000 after acquiring an additional 449 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Americold Realty Trust by 3.8% during the 3rd quarter. Utah Retirement Systems now owns 13,560 shares of the company’s stock worth $394,000 after buying an additional 500 shares during the last quarter. Personal CFO Solutions LLC lifted its position in shares of Americold Realty Trust by 8.4% during the 3rd quarter. Personal CFO Solutions LLC now owns 7,141 shares of the company’s stock worth $207,000 after buying an additional 553 shares during the last quarter. Finally, Private Capital Group LLC lifted its position in shares of Americold Realty Trust by 75.3% during the 1st quarter. Private Capital Group LLC now owns 1,304 shares of the company’s stock worth $37,000 after buying an additional 560 shares during the last quarter.

In other Americold Realty Trust news, insider Thomas C. Novosel sold 9,000 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.12%. The ex-dividend date was Wednesday, March 30th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -733.27%.

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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Earnings History and Estimates for Americold Realty Trust (NYSE:COLD)

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