$407.96 Million in Sales Expected for AmeriCold Realty Trust (COLD) This Quarter
Equities research analysts forecast that AmeriCold Realty Trust (NYSE:COLD) will report sales of $407.96 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for AmeriCold Realty Trust’s earnings, with estimates ranging from $405.51 million to $410.41 million. AmeriCold Realty Trust reported sales of $391.14 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The company is expected to issue its next quarterly 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 expect that the firm will post sales of $1.75 billion, with estimates ranging from $1.73 billion to $1.77 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow AmeriCold Realty Trust.
AmeriCold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.24). AmeriCold Realty Trust had a net margin of 2.99% and a return on equity of 7.05%. The firm had revenue of $415.82 million for the quarter, compared to analysts’ expectations of $416.40 million.
Shares of NYSE COLD traded up $0.43 during trading on Wednesday, reaching $31.36. 10,263,703 shares of the stock traded hands, compared to its average volume of 2,322,573. AmeriCold Realty Trust has a 52-week low of $19.85 and a 52-week high of $31.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $4.61 billion, a PE ratio of 26.58, a P/E/G ratio of 2.60 and a beta of 0.80.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.55%. This is a positive change from AmeriCold Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 28th. AmeriCold Realty Trust’s payout ratio is presently 203.39%.
In related news, Director Ronald W. Burkle sold 38,422,583 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $27.47, for a total transaction of $1,055,468,355.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Large investors have recently added to or reduced their stakes in the stock. Natixis Advisors L.P. raised its stake in shares of AmeriCold Realty Trust by 104.2% during the 4th quarter. Natixis Advisors L.P. now owns 178,112 shares of the company’s stock valued at $4,549,000 after purchasing an additional 90,888 shares during the period. Bank of New York Mellon Corp increased its stake in AmeriCold Realty Trust by 121.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,527,536 shares of the company’s stock worth $38,219,000 after acquiring an additional 837,122 shares during the last quarter. KAMES CAPITAL plc bought a new position in AmeriCold Realty Trust in the 4th quarter worth about $1,034,000. JPMorgan Chase & Co. increased its stake in AmeriCold Realty Trust by 194.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 617,550 shares of the company’s stock worth $15,451,000 after acquiring an additional 407,527 shares during the last quarter. Finally, Suntrust Banks Inc. increased its stake in AmeriCold Realty Trust by 9.2% in the 4th quarter. Suntrust Banks Inc. now owns 10,253 shares of the company’s stock worth $262,000 after acquiring an additional 861 shares during the last quarter. Institutional investors own 79.71% of the company’s stock.
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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