Lineage (LINE) Scheduled to Post Earnings on Wednesday

Lineage (NASDAQ:LINE - Get Free Report) will be posting its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Lineage to post earnings of $0.55 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Lineage Stock Down 1.2 %

Shares of NASDAQ LINE traded down $0.90 during midday trading on Wednesday, hitting $75.20. The stock had a trading volume of 684,261 shares, compared to its average volume of 1,448,495. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 1.93. Lineage has a 1-year low of $73.16 and a 1-year high of $89.85. The business has a fifty day moving average of $79.87. The company has a market cap of $17.12 billion and a P/E ratio of -5.50.

Lineage Announces Dividend

The business also recently declared a -- dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were issued a $0.38 dividend. The ex-dividend date was Monday, September 30th. Lineage's dividend payout ratio is currently -11.12%.

Analyst Ratings Changes

A number of equities analysts have weighed in on LINE shares. Mizuho assumed coverage on Lineage in a report on Monday, August 19th. They issued a "neutral" rating and a $86.00 price target for the company. Evercore ISI dropped their price target on shares of Lineage from $90.00 to $88.00 and set an "in-line" rating on the stock in a research note on Monday, October 7th. Robert W. Baird initiated coverage on Lineage in a research report on Monday, August 19th. They set an "outperform" rating and a $91.00 target price on the stock. Truist Financial assumed coverage on Lineage in a report on Monday, August 19th. They issued a "buy" rating and a $94.00 price target for the company. Finally, Morgan Stanley started coverage on Lineage in a report on Monday, August 19th. They set an "overweight" rating and a $100.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $93.50.

About Lineage

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.