Americold Realty Trust (NYSE:COLD) Releases FY24 Earnings Guidance

Americold Realty Trust (NYSE:COLD) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.38-1.46 for the period, compared to the consensus estimate of $1.37. Americold Realty Trust also updated its FY 2024 guidance to 1.380-1.460 EPS.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock traded up $0.08 on Thursday, reaching $22.94. 4,025,635 shares of the stock were exchanged, compared to its average volume of 2,307,548. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13. Americold Realty Trust has a twelve month low of $21.87 and a twelve month high of $33.90. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of -18.96, a PEG ratio of 2.00 and a beta of 0.54. The business has a 50 day moving average price of $24.10 and a two-hundred day moving average price of $26.68.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.84%. The ex-dividend date was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio is currently -72.73%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on COLD shares. Royal Bank of Canada reduced their price target on Americold Realty Trust from $34.00 to $32.00 and set an outperform rating for the company in a research report on Wednesday, February 28th. Barclays reduced their price target on Americold Realty Trust from $32.00 to $25.00 and set an equal weight rating for the company in a research report on Wednesday, March 27th. Scotiabank started coverage on Americold Realty Trust in a research report on Wednesday, March 27th. They set a sector perform rating and a $27.00 price target for the company. KeyCorp reduced their price target on Americold Realty Trust from $37.00 to $32.00 and set an overweight rating for the company in a research report on Friday, March 22nd. Finally, Wells Fargo & Company started coverage on Americold Realty Trust in a research report on Thursday, April 25th. They set an equal weight rating and a $24.00 price target for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Americold Realty Trust presently has an average rating of Moderate Buy and a consensus target price of $30.33.

Americold Realty Trust Company Profile

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.