Equities research analysts expect AmeriCold Realty Trust (NYSE:COLD) to announce sales of $417.75 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for AmeriCold Realty Trust’s earnings, with the lowest sales estimate coming in at $404.30 million and the highest estimate coming in at $425.60 million. The firm is scheduled to report its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that AmeriCold Realty Trust will report full year sales of $1.61 billion for the current year, with estimates ranging from $1.59 billion to $1.62 billion. For the next year, analysts forecast that the firm will post sales of $1.68 billion, with estimates ranging from $1.66 billion to $1.71 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for AmeriCold Realty Trust.

AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.10). The firm had revenue of $402.01 million during the quarter, compared to the consensus estimate of $404.35 million. The firm’s revenue was up .9% on a year-over-year basis.

Several research analysts have recently issued reports on COLD shares. Bank of America increased their price target on AmeriCold Realty Trust from $23.50 to $28.50 and gave the stock a “buy” rating in a research note on Friday, September 21st. Royal Bank of Canada upped their price objective on AmeriCold Realty Trust from $25.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 10th. Zacks Investment Research lowered AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Raymond James upped their price objective on AmeriCold Realty Trust from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, September 19th. Finally, Robert W. Baird upped their price objective on AmeriCold Realty Trust from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 18th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $24.13.

In other news, Director Ronald W. Burkle sold 16,530,191 shares of the company’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $23.54, for a total transaction of $389,120,696.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $23.54, for a total value of $170,324,352.66. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sarasin & Partners LLP lifted its holdings in shares of AmeriCold Realty Trust by 1.1% during the third quarter. Sarasin & Partners LLP now owns 230,000 shares of the company’s stock valued at $5,755,000 after purchasing an additional 2,478 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of AmeriCold Realty Trust by 40.3% during the third quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the company’s stock valued at $218,000 after purchasing an additional 2,500 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of AmeriCold Realty Trust by 7.4% during the second quarter. Rhumbline Advisers now owns 59,994 shares of the company’s stock valued at $1,321,000 after purchasing an additional 4,130 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of AmeriCold Realty Trust by 46.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 14,580 shares of the company’s stock valued at $365,000 after purchasing an additional 4,645 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of AmeriCold Realty Trust by 21.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 35,000 shares of the company’s stock valued at $876,000 after purchasing an additional 6,100 shares during the last quarter. 60.65% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:COLD traded up $1.46 on Wednesday, hitting $26.36. The company’s stock had a trading volume of 1,930,620 shares, compared to its average volume of 696,836. AmeriCold Realty Trust has a 12 month low of $16.13 and a 12 month high of $26.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.24 and a quick ratio of 0.24.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.75 annualized dividend and a dividend yield of 2.85%.

AmeriCold Realty Trust Company Profile

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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