Zacks: Brokerages Expect AmeriCold Realty Trust (COLD) Will Announce Quarterly Sales of $407.96 Million
Equities analysts expect AmeriCold Realty Trust (NYSE:COLD) to announce sales of $407.96 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for AmeriCold Realty Trust’s earnings, with the lowest sales estimate coming in at $405.51 million and the highest estimate coming in at $410.41 million. AmeriCold Realty Trust posted sales of $391.14 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The business is expected to announce its next earnings report on Thursday, May 9th.
According to Zacks, analysts expect that AmeriCold Realty Trust will report full-year sales of $1.67 billion for the current fiscal year, with estimates ranging from $1.66 billion to $1.69 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.75 billion, with estimates ranging from $1.73 billion to $1.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow AmeriCold Realty Trust.
AmeriCold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, February 21st. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.24). AmeriCold Realty Trust had a return on equity of 7.05% and a net margin of 2.99%. The firm had revenue of $415.82 million during the quarter, compared to analyst estimates of $416.40 million.
In related news, Director Ronald W. Burkle sold 38,422,583 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $27.47, for a total value of $1,055,468,355.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Several hedge funds and other institutional investors have recently made changes to their positions in COLD. Quantamental Technologies LLC acquired a new stake in shares of AmeriCold Realty Trust in the fourth quarter valued at about $74,000. Enlightenment Research LLC acquired a new stake in shares of AmeriCold Realty Trust in the fourth quarter valued at about $79,000. QS Investors LLC purchased a new position in AmeriCold Realty Trust during the 4th quarter valued at about $115,000. United Services Automobile Association purchased a new position in AmeriCold Realty Trust during the 3rd quarter valued at about $208,000. Finally, NumerixS Investment Technologies Inc increased its holdings in AmeriCold Realty Trust by 103.6% during the 4th quarter. NumerixS Investment Technologies Inc now owns 9,775 shares of the company’s stock valued at $246,000 after acquiring an additional 4,975 shares in the last quarter. Hedge funds and other institutional investors own 78.78% of the company’s stock.
COLD stock opened at $30.25 on Monday. AmeriCold Realty Trust has a one year low of $18.30 and a one year high of $30.81. The firm has a market capitalization of $4.50 billion, a PE ratio of 25.64, a PEG ratio of 2.61 and a beta of 0.79. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.06.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a $0.20 dividend. This is a boost from AmeriCold Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. AmeriCold Realty Trust’s dividend payout ratio (DPR) is 63.56%.
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 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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