Analysts forecast that AmeriCold Realty Trust (NYSE:COLD) will report $0.29 earnings per share (EPS) for the current quarter, Zacks reports. 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 business is scheduled to issue its next quarterly 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 year, with EPS estimates ranging from $1.13 to $1.21. For the next fiscal year, analysts forecast that the firm will post earnings of $1.30 per share, with EPS estimates ranging from $1.24 to $1.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover AmeriCold Realty Trust.

AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.19. The company had revenue of $394.70 million for the quarter, compared to analyst estimates of $392.08 million. AmeriCold Realty Trust’s quarterly revenue was up 4.0% compared to the same quarter last year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of AmeriCold Realty Trust from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research report on Tuesday, August 14th. 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. 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. 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.13.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend 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 the business. Rhumbline Advisers lifted its stake in AmeriCold Realty Trust by 7.4% in the second quarter. Rhumbline Advisers now owns 59,994 shares of the company’s stock valued at $1,321,000 after buying an additional 4,130 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in AmeriCold Realty Trust in the second quarter valued at $137,000. California Public Employees Retirement System lifted its stake in AmeriCold Realty Trust by 72.4% in the second quarter. California Public Employees Retirement System now owns 17,241 shares of the company’s stock valued at $380,000 after buying an additional 7,241 shares during the last quarter. Teachers Insurance & Annuity Association of America lifted its stake in AmeriCold Realty Trust by 13.2% in the second quarter. Teachers Insurance & Annuity Association of America now owns 67,276 shares of the company’s stock valued at $1,481,000 after buying an additional 7,824 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in AmeriCold Realty Trust in the first quarter valued at $153,000. Institutional investors own 60.24% of the company’s stock.

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 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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