AmeriCold Realty Trust (NYSE:COLD) issued its quarterly earnings data on Thursday. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17), Fidelity Earnings reports. AmeriCold Realty Trust had a return on equity of 2.77% and a net margin of 1.67%. The business had revenue of $466.18 million during the quarter, compared to analysts’ expectations of $452.64 million. During the same period in the previous year, the business earned $0.27 earnings per share. The business’s quarterly revenue was up 16.0% on a year-over-year basis.
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Shares of COLD stock traded down $2.09 during trading hours on Friday, reaching $35.35. 5,209,462 shares of the stock were exchanged, compared to its average volume of 2,129,876. AmeriCold Realty Trust has a 12-month low of $24.27 and a 12-month high of $40.42. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $37.82 and its 200-day moving average price is $34.64. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 3.12 and a beta of 0.67.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.26%. AmeriCold Realty Trust’s dividend payout ratio is presently 67.80%.
COLD has been the subject of a number of recent research reports. Bank of America reissued a “buy” rating and issued a $37.00 price objective on shares of AmeriCold Realty Trust in a research note on Thursday, August 15th. Zacks Investment Research cut shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. TheStreet raised shares of AmeriCold Realty Trust from a “d” rating to a “c” rating in a research note on Friday, August 9th. Robert W. Baird lifted their price objective on shares of AmeriCold Realty Trust from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AmeriCold Realty Trust from $34.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $37.19.
In other news, Director Kelly Hefner Barrett purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $34.96 per share, with a total value of $209,760.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.42% of the stock is currently owned by insiders.
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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