Lineage (LINE) Expected to Announce Quarterly Earnings on Wednesday

Lineage (NASDAQ:LINE - Get Free Report) is expected to be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.71 per share and revenue of $1.35 billion for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Lineage Trading Down 1.5 %

NASDAQ:LINE traded down $0.82 on Friday, hitting $53.88. 1,053,517 shares of the stock were exchanged, compared to its average volume of 796,806. Lineage has a 52 week low of $52.75 and a 52 week high of $89.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. The company's 50-day moving average price is $58.11 and its 200 day moving average price is $69.64.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.5275 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.11 annualized dividend and a yield of 3.92%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LINE shares. Evercore ISI dropped their price objective on Lineage from $88.00 to $78.00 and set an "in-line" rating for the company in a report on Thursday, November 7th. Scotiabank lowered their price target on Lineage from $76.00 to $73.00 and set a "sector outperform" rating for the company in a research note on Monday, February 3rd. BNP Paribas initiated coverage on Lineage in a research note on Tuesday, January 14th. They issued a "neutral" rating and a $61.00 price target for the company. Robert W. Baird lowered their price target on Lineage from $91.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut Lineage from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $78.00 to $75.00 in a research note on Friday, December 20th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lineage presently has an average rating of "Moderate Buy" and a consensus target price of $84.88.

Lineage Company Profile

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.