Americold Realty Trust (NYSE:COLD) Updates FY 2024 Earnings Guidance

Americold Realty Trust (NYSE:COLD) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.380-1.460 for the period, compared to the consensus earnings per share estimate of 1.120. The company issued revenue guidance of -. Americold Realty Trust also updated its FY24 guidance to $1.38-1.46 EPS.

Analyst Ratings Changes

A number of analysts recently issued reports on COLD shares. Scotiabank started coverage on shares of Americold Realty Trust in a report on Wednesday, March 27th. They set a sector perform rating and a $27.00 price objective for the company. Barclays cut their price objective on shares of 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. Raymond James raised shares of Americold Realty Trust from a market perform rating to an outperform rating and set a $31.00 target price on the stock in a research note on Thursday, February 29th. Royal Bank of Canada decreased their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set an outperform rating on the stock in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company initiated coverage on shares of Americold Realty Trust in a research note on Thursday, April 25th. They issued an equal weight rating and a $24.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust presently has an average rating of Moderate Buy and a consensus target price of $30.33.

Americold Realty Trust Price Performance

COLD stock traded up $0.08 during midday trading on Thursday, hitting $22.94. The company’s stock had a trading volume of 4,025,499 shares, compared to its average volume of 2,307,548. Americold Realty Trust has a 12 month low of $21.87 and a 12 month high of $33.90. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of -18.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.54. The company has a 50 day moving average of $24.15 and a two-hundred day moving average of $26.70.

Americold Realty Trust Announces Dividend

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

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.