Americold Realty Trust (NYSE:COLD) Updates FY24 Earnings Guidance

Americold Realty Trust (NYSE:COLD) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.38-1.46 for the period, compared to the consensus estimate of $1.37.

Americold Realty Trust Stock Up 0.3 %

Shares of COLD stock traded up $0.08 during trading hours on Thursday, reaching $22.94. 4,025,319 shares of the company’s stock were exchanged, compared to its average volume of 2,307,546. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.13. The company has a market cap of $6.52 billion, a price-to-earnings ratio of -18.89, a P/E/G ratio of 2.00 and a beta of 0.54. Americold Realty Trust has a fifty-two week low of $21.87 and a fifty-two week high of $33.90. The stock’s 50 day moving average is $24.15 and its 200-day moving average is $26.70.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, March 27th. Americold Realty Trust’s payout ratio is currently -72.73%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on COLD shares. Barclays dropped their price objective on shares of Americold Realty Trust from $32.00 to $25.00 and set an equal weight rating on the stock in a report on Wednesday, March 27th. Royal Bank of Canada lowered their target price on Americold Realty Trust from $34.00 to $32.00 and set an outperform rating on the stock in a research note on Wednesday, February 28th. Raymond James upgraded Americold Realty Trust from a market perform rating to an outperform rating and set a $31.00 price target for the company in a research report on Thursday, February 29th. Wells Fargo & Company started coverage on Americold Realty Trust in a research note on Thursday, April 25th. They issued an equal weight rating and a $24.00 price target for the company. Finally, Scotiabank assumed coverage on shares of Americold Realty Trust in a research report on Wednesday, March 27th. They issued a sector perform rating and a $27.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $30.33.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.