Americold Realty Trust (NYSE:COLD – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54), Zacks reports. Americold Realty Trust had a negative return on equity of 8.55% and a negative net margin of 12.17%. The company had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. During the same period in the previous year, the business posted $0.28 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Americold Realty Trust updated its FY24 guidance to $1.44-1.50 EPS and its FY 2024 guidance to 1.440-1.500 EPS.
Americold Realty Trust Price Performance
NYSE:COLD traded down $0.27 during mid-day trading on Friday, reaching $29.06. 1,751,235 shares of the stock were exchanged, compared to its average volume of 2,407,844. The business has a fifty day moving average price of $27.31 and a 200 day moving average price of $25.97. The firm has a market capitalization of $8.25 billion, a PE ratio of -24.84, a PEG ratio of 2.14 and a beta of 0.59. Americold Realty Trust has a 1-year low of $21.87 and a 1-year high of $33.90. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15.
Americold Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Friday, June 28th. Americold Realty Trust’s payout ratio is currently -75.21%.
Analyst Upgrades and Downgrades
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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.
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