Analysts Anticipate Americold Realty Trust (NYSE:COLD) Will Announce Earnings of $0.24 Per Share

Equities analysts expect Americold Realty Trust (NYSE:COLDGet Rating) to post $0.24 earnings per share for the current quarter, according to Zacks Investment Research. 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 reported earnings of $0.30 per share during the same quarter last year, which suggests a negative year over year growth rate of 20%. The business is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Americold Realty Trust will report full-year earnings of $1.05 per share for the current year, with EPS estimates ranging from $1.04 to $1.06. For the next fiscal year, analysts forecast that the firm will post earnings of $1.27 per share, with EPS estimates ranging from $1.20 to $1.43. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Americold Realty Trust.

Americold Realty Trust (NYSE:COLDGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $716.50 million during the quarter, compared to analyst estimates of $722.10 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Americold Realty Trust’s quarterly revenue was up 36.8% compared to the same quarter last year.

Several equities research analysts have issued reports on COLD shares. Zacks Investment Research raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Evercore ISI began 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 target on the stock. JPMorgan Chase & Co. downgraded shares of Americold Realty Trust from an “overweight” rating to a “neutral” rating and cut their target price for the company from $35.00 to $30.00 in a research report on Friday, February 25th. Barclays cut their price target on shares of Americold Realty Trust from $30.00 to $27.00 and set an “underweight” rating on the stock in a research report on Friday, April 1st. Finally, Royal Bank of Canada cut their price target 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.36.

In other news, insider Thomas C. Novosel sold 9,000 shares of the company’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $27.52, for a total value of $247,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in COLD. Whittier Trust Co. purchased a new position in shares of Americold Realty Trust in the 4th quarter valued at about $26,000. National Bank of Canada FI acquired a new position in Americold Realty Trust in the fourth quarter valued at approximately $27,000. Industrial Alliance Investment Management Inc. purchased a new stake in Americold Realty Trust in the fourth quarter valued at approximately $27,000. Private Capital Group LLC increased its position in shares of Americold Realty Trust by 75.3% during the first quarter. Private Capital Group LLC now owns 1,304 shares of the company’s stock worth $37,000 after acquiring an additional 560 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Americold Realty Trust by 158.9% in the fourth quarter. Parallel Advisors LLC now owns 1,476 shares of the company’s stock valued at $48,000 after buying an additional 906 shares during the last quarter.

Shares of COLD stock opened at $26.38 on Wednesday. Americold Realty Trust has a 1 year low of $25.09 and a 1 year high of $40.85. The firm’s fifty day simple moving average is $27.49 and its 200 day simple moving average is $29.37. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.12.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Wednesday, March 30th. Americold Realty Trust’s dividend payout ratio is currently -733.27%.

Americold Realty Trust Company Profile (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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