$0.34 EPS Expected for Americold Realty Trust (NYSE:COLD) This Quarter

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Equities research analysts predict that Americold Realty Trust (NYSE:COLD) will report earnings per share of $0.34 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Americold Realty Trust’s earnings, with estimates ranging from $0.32 to $0.35. Americold Realty Trust posted earnings per share of $0.30 during the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 18th.

On average, analysts expect that Americold Realty Trust will report full year earnings of $1.25 per share for the current financial year, with EPS estimates ranging from $1.17 to $1.28. For the next year, analysts forecast that the business will post earnings of $1.38 per share, with EPS estimates ranging from $1.24 to $1.43. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Americold Realty Trust.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.06). The firm had revenue of $497.50 million during the quarter, compared to analysts’ expectations of $503.82 million. Americold Realty Trust had a net margin of 4.58% and a return on equity of 4.42%. Americold Realty Trust’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS.

Separately, Zacks Investment Research downgraded shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.67.

Shares of Americold Realty Trust stock traded down $0.70 during trading on Thursday, reaching $34.17. The company’s stock had a trading volume of 10,172 shares, compared to its average volume of 1,397,430. The company has a 50-day moving average price of $35.12 and a two-hundred day moving average price of $36.76. Americold Realty Trust has a fifty-two week low of $23.30 and a fifty-two week high of $41.29. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.04. The firm has a market cap of $7.00 billion, a PE ratio of 79.68, a P/E/G ratio of 3.32 and a beta of 0.08.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, December 30th. This represents a $0.84 annualized dividend and a dividend yield of 2.46%. Americold Realty Trust’s payout ratio is currently 71.79%.

In other news, Director James R. Heistand acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 9th. The stock was purchased at an average cost of $33.50 per share, with a total value of $335,000.00. Following the purchase, the director now directly owns 57,114 shares of the company’s stock, valued at approximately $1,913,319. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Andrew Harron sold 5,000 shares of Americold Realty Trust stock in a transaction on Friday, December 11th. The stock was sold at an average price of $33.58, for a total value of $167,900.00. Following the transaction, the executive vice president now directly owns 918 shares of the company’s stock, valued at $30,826.44. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Huntington National Bank raised its stake in shares of Americold Realty Trust by 62.8% during the 4th quarter. Huntington National Bank now owns 806 shares of the company’s stock worth $30,000 after buying an additional 311 shares during the last quarter. Private Advisor Group LLC purchased a new position in Americold Realty Trust during the 2nd quarter valued at about $33,000. Jacobi Capital Management LLC acquired a new position in Americold Realty Trust during the third quarter worth about $42,000. Nachman Norwood & Parrott Inc purchased a new stake in shares of Americold Realty Trust in the third quarter valued at about $47,000. Finally, NEXT Financial Group Inc acquired a new stake in shares of Americold Realty Trust in the third quarter valued at approximately $67,000.

About Americold Realty Trust

Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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