Lineage (NASDAQ:LINE - Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.72 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
Lineage (NASDAQ:LINE - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($3.22). Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. On average, analysts expect Lineage to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Lineage Stock Down 0.4 %
Shares of NASDAQ LINE traded down $0.22 during mid-day trading on Wednesday, hitting $59.67. The stock had a trading volume of 423,003 shares, compared to its average volume of 774,911. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Lineage has a 1 year low of $52.75 and a 1 year high of $89.85. The business's 50 day moving average price is $60.06.
Lineage Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Tuesday, December 31st.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Lineage from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $78.00 to $75.00 in a research report on Friday, December 20th. Royal Bank of Canada reduced their price objective on shares of Lineage from $94.00 to $81.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. Evercore ISI dropped their target price on shares of Lineage from $88.00 to $78.00 and set an "in-line" rating on the stock in a report on Thursday, November 7th. Robert W. Baird dropped their target price on shares of Lineage from $91.00 to $85.00 and set an "outperform" rating on the stock in a report on Thursday, November 7th. Finally, Mizuho dropped their target price on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $85.06.
Check Out Our Latest Stock Analysis on Lineage
About Lineage
(
Get Free Report)
Lineage, Inc is the world's largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.
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