Equities research analysts forecast that AmeriCold Realty Trust (NYSE:COLD) will announce sales of $490.15 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for AmeriCold Realty Trust’s earnings. The highest sales estimate is $506.99 million and the lowest is $473.30 million. AmeriCold Realty Trust reported sales of $402.01 million in the same quarter last year, which suggests a positive year over year growth rate of 21.9%. The business is scheduled to report its next quarterly earnings report on Thursday, November 14th.
On average, analysts expect that AmeriCold Realty Trust will report full year sales of $1.84 billion for the current fiscal year, with estimates ranging from $1.79 billion to $1.89 billion. For the next financial year, analysts anticipate that the company will report sales of $2.06 billion, with estimates ranging from $1.98 billion to $2.14 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for AmeriCold Realty Trust.
AmeriCold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.23). AmeriCold Realty Trust had a net margin of 1.67% and a return on equity of 2.77%. The firm had revenue of $438.46 million for the quarter, compared to the consensus estimate of $419.30 million. During the same quarter last year, the company posted $0.29 earnings per share. AmeriCold Realty Trust’s revenue for the quarter was up 11.1% compared to the same quarter last year.
In other AmeriCold Realty Trust news, Director Kelly Hefner Barrett acquired 6,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $34.96 per share, for a total transaction of $209,760.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.42% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in COLD. Amundi Pioneer Asset Management Inc. increased its position in AmeriCold Realty Trust by 87.9% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 617,582 shares of the company’s stock valued at $20,023,000 after buying an additional 288,888 shares in the last quarter. United Services Automobile Association increased its position in AmeriCold Realty Trust by 42.2% during the 2nd quarter. United Services Automobile Association now owns 39,791 shares of the company’s stock valued at $1,290,000 after buying an additional 11,805 shares in the last quarter. Susquehanna International Group LLP bought a new position in AmeriCold Realty Trust during the 2nd quarter valued at approximately $1,532,000. Bamco Inc. NY increased its position in AmeriCold Realty Trust by 0.6% during the 2nd quarter. Bamco Inc. NY now owns 3,464,189 shares of the company’s stock valued at $112,309,000 after buying an additional 22,051 shares in the last quarter. Finally, Waddell & Reed Financial Inc. increased its position in AmeriCold Realty Trust by 23.8% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 401,080 shares of the company’s stock valued at $13,003,000 after buying an additional 77,116 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.
COLD traded up $0.53 on Friday, hitting $35.93. 1,450,253 shares of the company were exchanged, compared to its average volume of 2,298,934. The firm has a fifty day simple moving average of $33.98 and a two-hundred day simple moving average of $31.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.24 and a current ratio of 0.27. AmeriCold Realty Trust has a 12 month low of $23.28 and a 12 month high of $36.01. The stock has a market capitalization of $6.81 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 3.27 and a beta of 0.70.
AmeriCold Realty Trust Company Profile
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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