Lineage, Inc. (NASDAQ:LINE – Get Free Report) declared a quarterly dividend on Friday, March 13th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.5325 per share on Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Tuesday, March 31st. This is a 0.9% increase from Lineage’s previous quarterly dividend of $0.53.
Lineage Price Performance
Shares of NASDAQ:LINE opened at $31.80 on Friday. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of -73.95 and a beta of -0.42. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.80 and a quick ratio of 0.71. Lineage has a 12 month low of $31.76 and a 12 month high of $59.77. The stock’s 50 day moving average price is $37.42 and its 200 day moving average price is $37.37.
Lineage (NASDAQ:LINE – Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.70). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. Equities research analysts anticipate that Lineage will post 2.34 earnings per share for the current fiscal year.
Lineage Company Profile
Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.
Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.
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