Americold Realty Trust (NYSE:COLD) Releases FY 2024 Earnings Guidance

Americold Realty Trust (NYSE:COLD - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.440-1.500 for the period, compared to the consensus earnings per share estimate of 1.220. The company issued revenue guidance of -. Americold Realty Trust also updated its FY24 guidance to $1.44-1.50 EPS.

Analyst Upgrades and Downgrades

COLD has been the topic of several recent analyst reports. Barclays raised their price objective on Americold Realty Trust from $25.00 to $28.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Scotiabank boosted their price target on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Evercore ISI upped their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Robert W. Baird lifted their target price on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an "outperform" rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company boosted their target price on Americold Realty Trust from $24.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Americold Realty Trust currently has an average rating of "Moderate Buy" and a consensus target price of $31.18.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock traded down $2.12 during trading hours on Thursday, reaching $23.15. The company had a trading volume of 7,430,337 shares, compared to its average volume of 2,185,120. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $6.58 billion, a PE ratio of -22.92, a price-to-earnings-growth ratio of 1.71 and a beta of 0.61. Americold Realty Trust has a one year low of $21.87 and a one year high of $30.92. The business has a fifty day simple moving average of $27.48 and a 200 day simple moving average of $26.82.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.54). The firm had revenue of $660.96 million during the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. Americold Realty Trust's revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. On average, analysts anticipate that Americold Realty Trust will post 1.39 earnings per share for the current fiscal year.

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 issued a $0.22 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.80%. Americold Realty Trust's payout ratio is currently -87.13%.

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.