Americold Realty Trust (NYSE:COLD) Releases FY 2024 Earnings Guidance

Americold Realty Trust (NYSE:COLD) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.440-1.500 for the period, compared to the consensus earnings per share estimate of 1.220. The company issued revenue guidance of -.

Americold Realty Trust Stock Down 3.7 %

Shares of NYSE:COLD opened at $25.23 on Thursday. Americold Realty Trust has a 52-week low of $21.87 and a 52-week high of $30.92. The company has a market capitalization of $7.17 billion, a PE ratio of -24.98, a price-to-earnings-growth ratio of 1.68 and a beta of 0.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The company has a fifty day moving average of $27.59 and a 200-day moving average of $26.85.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.54). The firm had revenue of $660.96 million during the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. Americold Realty Trust’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. On average, equities analysts predict that Americold Realty Trust will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 3.49%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Scotiabank upped their price target 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. Barclays increased their price objective on Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Truist Financial raised their target price on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Robert W. Baird upped their price target on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company raised their price objective on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.18.

Americold Realty Trust Company Profile

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.