Lineage, Inc. (LINE) to Issue Quarterly Dividend of $0.53 on April 21st

Lineage, Inc. (NASDAQ:LINE) declared a quarterly dividend on Friday, March 13th. Investors of record on Tuesday, March 31st will be given a dividend of 0.5325 per share on Tuesday, April 21st. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Tuesday, March 31st. This is a 0.9% increase from Lineage’s previous quarterly dividend of $0.53.

Lineage Stock Down 5.5%

Shares of NASDAQ LINE opened at $31.80 on Friday. Lineage has a 52-week low of $31.76 and a 52-week high of $59.77. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.80. The stock has a market cap of $7.22 billion, a P/E ratio of -73.95 and a beta of -0.42. The firm has a 50 day moving average price of $37.42 and a 200 day moving average price of $37.37.

Lineage (NASDAQ:LINE) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts expect that Lineage will post 2.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LINE. The Goldman Sachs Group increased their price target on Lineage from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, March 20th. UBS Group dropped their target price on shares of Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a report on Monday, December 29th. Compass Point assumed coverage on shares of Lineage in a research report on Wednesday, March 18th. They set a “buy” rating and a $47.00 price objective for the company. Finally, Barclays restated a “positive” rating on shares of Lineage in a report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.72.

Lineage Company Profile

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.