Wall Street brokerages expect that AmeriCold Realty Trust (NYSE:COLD) will post $404.34 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for AmeriCold Realty Trust’s earnings. The highest sales estimate is $409.66 million and the lowest is $395.40 million. The company is expected to announce its next earnings results after the market closes on Thursday, November 8th.

On average, analysts expect that AmeriCold Realty Trust will report full year sales of $1.61 billion for the current financial year, with estimates ranging from $1.59 billion to $1.62 billion. For the next year, analysts anticipate that the business will report sales of $1.68 billion, with estimates ranging from $1.66 billion to $1.71 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover AmeriCold Realty Trust.

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

COLD has been the topic of a number of research reports. Bank of America raised their target price on shares of AmeriCold Realty Trust from $23.50 to $28.50 and gave the stock a “buy” rating in a research report on Friday, September 21st. Zacks Investment Research raised shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, July 10th. Royal Bank of Canada raised their target price on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Raymond James raised their target price on shares of AmeriCold Realty Trust from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 19th. Finally, Robert W. Baird raised their target price on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. AmeriCold Realty Trust currently has an average rating of “Hold” and an average target price of $24.13.

Shares of NYSE:COLD traded up $0.24 during trading on Friday, reaching $24.43. 696,700 shares of the company were exchanged, compared to its average volume of 883,702. AmeriCold Realty Trust has a 12-month low of $16.13 and a 12-month high of $26.08. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.06.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, September 27th.

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

A number of hedge funds have recently modified their holdings of the stock. Millennium Management LLC boosted its stake in AmeriCold Realty Trust by 16.1% in the second quarter. Millennium Management LLC now owns 634,388 shares of the company’s stock valued at $13,969,000 after acquiring an additional 87,939 shares in the last quarter. Soros Fund Management LLC acquired a new stake in AmeriCold Realty Trust in the second quarter valued at approximately $12,143,000. Virginia Retirement Systems ET AL acquired a new stake in AmeriCold Realty Trust in the second quarter valued at approximately $1,537,000. Macquarie Group Ltd. acquired a new stake in AmeriCold Realty Trust in the second quarter valued at approximately $352,000. Finally, Voya Investment Management LLC boosted its stake in AmeriCold Realty Trust by 6.6% in the second quarter. Voya Investment Management LLC now owns 2,448,734 shares of the company’s stock valued at $53,921,000 after acquiring an additional 151,904 shares in the last quarter. 60.25% of the stock is currently owned by institutional investors.

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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