Americold Realty Trust (COLD) Scheduled to Post Quarterly Earnings on Thursday

Americold Realty Trust (NYSE:COLD - Get Free Report) is set to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Americold Realty Trust to post earnings of $0.34 per share for the quarter. Americold Realty Trust has set its FY24 guidance at $1.44-1.50 EPS and its FY 2024 guidance at 1.440-1.500 EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The business had revenue of $660.96 million during the quarter, compared to analysts' expectations of $653.74 million. During the same period last year, the company earned $0.28 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect Americold Realty Trust to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Americold Realty Trust Price Performance

Shares of NYSE COLD traded down $0.23 on Thursday, hitting $25.68. The company's stock had a trading volume of 2,159,510 shares, compared to its average volume of 2,164,264. Americold Realty Trust has a 12-month low of $21.87 and a 12-month high of $30.92. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of -22.11, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. 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 stock has a 50 day moving average of $27.95 and a 200-day moving average of $26.76.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust's dividend payout ratio is presently -75.21%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COLD. Truist Financial boosted their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Robert W. Baird boosted their price objective on shares of Americold Realty Trust from $29.00 to $31.00 and gave the company an "outperform" rating in a research report on Friday, August 9th. Wells Fargo & Company boosted their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 28th. Barclays boosted their price objective on shares of Americold Realty Trust from $25.00 to $28.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Scotiabank boosted their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.18.

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.