Zacks: Analysts Expect AmeriCold Realty Trust (NYSE:COLD) Will Announce Earnings of $0.28 Per Share

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Analysts expect AmeriCold Realty Trust (NYSE:COLD) to report $0.28 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for AmeriCold Realty Trust’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.27. AmeriCold Realty Trust reported earnings per share of $0.27 in the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, August 8th.

On average, analysts expect that AmeriCold Realty Trust will report full-year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.27. For the next fiscal year, analysts expect that the business will report earnings of $1.40 per share, with EPS estimates ranging from $1.33 to $1.48. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow AmeriCold Realty Trust.

AmeriCold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $393.10 million during the quarter, compared to analyst estimates of $380.18 million. AmeriCold Realty Trust had a net margin of 3.24% and a return on equity of 7.53%. AmeriCold Realty Trust’s revenue was up .5% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS.

COLD has been the topic of a number of research analyst reports. Raymond James reaffirmed a “buy” rating on shares of West Fraser Timber in a report on Monday, April 22nd. Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Citigroup set a $210.00 price target on Constellation Brands and gave the company a “hold” rating in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.75.

Several institutional investors and hedge funds have recently added to or reduced their stakes in COLD. BlackRock Inc. lifted its holdings in AmeriCold Realty Trust by 57.7% in the first quarter. BlackRock Inc. now owns 12,328,819 shares of the company’s stock valued at $376,154,000 after buying an additional 4,511,139 shares during the period. Zimmer Partners LP lifted its holdings in AmeriCold Realty Trust by 149.8% in the fourth quarter. Zimmer Partners LP now owns 6,245,975 shares of the company’s stock valued at $159,522,000 after buying an additional 3,745,975 shares during the period. FMR LLC lifted its holdings in AmeriCold Realty Trust by 51.9% in the first quarter. FMR LLC now owns 5,804,793 shares of the company’s stock valued at $177,103,000 after buying an additional 1,983,188 shares during the period. Deutsche Bank AG lifted its holdings in AmeriCold Realty Trust by 8.3% in the fourth quarter. Deutsche Bank AG now owns 4,382,516 shares of the company’s stock valued at $111,926,000 after buying an additional 336,919 shares during the period. Finally, Centersquare Investment Management LLC lifted its holdings in AmeriCold Realty Trust by 25.1% in the first quarter. Centersquare Investment Management LLC now owns 2,574,755 shares of the company’s stock valued at $78,556,000 after buying an additional 516,489 shares during the period. Institutional investors and hedge funds own 84.49% of the company’s stock.

Shares of NYSE:COLD traded down $0.44 during trading on Monday, reaching $33.18. The company had a trading volume of 1,855,079 shares, compared to its average volume of 2,530,748. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 3.10 and a beta of 0.70. AmeriCold Realty Trust has a fifty-two week low of $21.06 and a fifty-two week high of $34.91. The firm’s fifty day moving average price is $33.12.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, June 27th. AmeriCold Realty Trust’s dividend payout ratio is currently 67.80%.

About AmeriCold Realty Trust

Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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