$0.29 Earnings Per Share Expected for AmeriCold Realty Trust (COLD) This Quarter

Equities analysts predict that AmeriCold Realty Trust (NYSE:COLD) will report $0.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for AmeriCold Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.29. The firm is scheduled to report its next earnings report on Thursday, November 8th.

On average, analysts expect that AmeriCold Realty Trust will report full year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.21. For the next financial year, analysts forecast that the company will post earnings of $1.30 per share, with EPS estimates ranging from $1.24 to $1.36. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover AmeriCold Realty Trust.

AmeriCold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.19. The firm had revenue of $394.70 million for the quarter, compared to the consensus estimate of $392.08 million. The business’s revenue was up 4.0% compared to the same quarter last year.

COLD has been the topic of several research analyst reports. Bank of America raised their price objective on AmeriCold Realty Trust from $23.50 to $28.50 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird raised their price objective on AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 18th. Raymond James raised their price objective on AmeriCold Realty Trust from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 19th. Zacks Investment Research cut AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Royal Bank of Canada raised their price objective on AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $24.13.

Shares of COLD opened at $25.25 on Tuesday. AmeriCold Realty Trust has a 12-month low of $16.13 and a 12-month high of $26.08. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.06.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, September 27th.

In other AmeriCold Realty Trust news, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of the firm’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $23.54, for a total value of $170,324,352.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald W. Burkle sold 16,530,191 shares of the firm’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $23.54, for a total value of $389,120,696.14. The disclosure for this sale can be found here.

A number of hedge funds have recently bought and sold shares of COLD. Daiwa Securities Group Inc. bought a new stake in AmeriCold Realty Trust in the second quarter valued at $137,000. Envestnet Asset Management Inc. bought a new stake in AmeriCold Realty Trust in the first quarter valued at $153,000. SG Americas Securities LLC bought a new stake in AmeriCold Realty Trust in the first quarter valued at $153,000. Citigroup Inc. bought a new stake in AmeriCold Realty Trust in the first quarter valued at $156,000. Finally, California Public Employees Retirement System acquired a new position in shares of AmeriCold Realty Trust during the first quarter valued at $191,000. Institutional investors own 60.24% of the company’s stock.

About AmeriCold Realty Trust

Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 156 temperature-controlled warehouses, with approximately 924 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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Earnings History and Estimates for AmeriCold Realty Trust (NYSE:COLD)

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