Equities analysts expect Americold Realty Trust (NYSE:COLD) to announce $670.75 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Americold Realty Trust’s earnings. The lowest sales estimate is $670.40 million and the highest is $671.10 million. Americold Realty Trust posted sales of $497.46 million in the same quarter last year, which would indicate a positive year over year growth rate of 34.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 4th.
On average, analysts expect that Americold Realty Trust will report full-year sales of $2.65 billion for the current financial year, with estimates ranging from $2.65 billion to $2.66 billion. For the next financial year, analysts expect that the firm will report sales of $2.87 billion, with estimates ranging from $2.82 billion to $2.91 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Americold Realty Trust.
Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Wednesday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.15). Americold Realty Trust had a negative return on equity of 1.76% and a negative net margin of 2.57%.
Several large investors have recently modified their holdings of the company. Hilton Capital Management LLC grew its holdings in shares of Americold Realty Trust by 1.2% during the 1st quarter. Hilton Capital Management LLC now owns 25,861 shares of the company’s stock worth $995,000 after purchasing an additional 296 shares during the period. Van ECK Associates Corp grew its holdings in shares of Americold Realty Trust by 3.2% during the 2nd quarter. Van ECK Associates Corp now owns 10,250 shares of the company’s stock worth $388,000 after purchasing an additional 314 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Americold Realty Trust by 4.5% during the 1st quarter. CIBC Asset Management Inc now owns 7,509 shares of the company’s stock worth $289,000 after purchasing an additional 326 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Americold Realty Trust by 37.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,229 shares of the company’s stock worth $46,000 after purchasing an additional 333 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Americold Realty Trust by 25.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,299 shares of the company’s stock worth $87,000 after purchasing an additional 460 shares during the period.
Shares of NYSE:COLD traded down $0.95 during midday trading on Monday, hitting $29.75. 3,652,232 shares of the stock were exchanged, compared to its average volume of 2,037,732. The stock has a market cap of $7.77 billion, a P/E ratio of -114.42, a PEG ratio of 17.96 and a beta of 0.12. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.06. Americold Realty Trust has a twelve month low of $29.74 and a twelve month high of $40.85. The company has a 50 day moving average price of $36.55 and a 200-day moving average price of $37.88.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Wednesday, September 29th. Americold Realty Trust’s dividend payout ratio (DPR) is 68.22%.
About Americold Realty Trust
Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within firm’s real estate portfolio.
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