AmeriCold Realty Trust (COLD) Expected to Post Quarterly Sales of $417.75 Million

Analysts expect that AmeriCold Realty Trust (NYSE:COLD) will announce $417.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for AmeriCold Realty Trust’s earnings. The highest sales estimate is $425.60 million and the lowest is $404.30 million. The company is expected to report its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that AmeriCold Realty Trust will report full-year sales of $1.61 billion for the current fiscal year, with estimates ranging from $1.59 billion to $1.62 billion. For the next year, analysts anticipate that the company will post sales of $1.68 billion, with estimates ranging from $1.66 billion to $1.71 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover AmeriCold Realty Trust.

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

Several equities research analysts have recently commented on COLD shares. Zacks Investment Research downgraded AmeriCold Realty Trust from a “strong-buy” rating to a “sell” rating in a report on Wednesday, October 10th. Bank of America increased their price objective 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. Robert W. Baird increased their price objective on AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 18th. Raymond James increased their price objective on AmeriCold Realty Trust from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 19th. Finally, Royal Bank of Canada increased their price objective on AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $24.13.

In other news, Director Ronald W. Burkle sold 16,530,191 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $23.54, for a total transaction of $389,120,696.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was 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 institutional investors and hedge funds have recently bought and sold shares of COLD. Wells Fargo & Company MN purchased a new stake in shares of AmeriCold Realty Trust during the 1st quarter worth about $596,000. California Public Employees Retirement System purchased a new stake in shares of AmeriCold Realty Trust during the 1st quarter worth about $191,000. UBS Group AG purchased a new stake in shares of AmeriCold Realty Trust during the 1st quarter worth about $231,000. The Manufacturers Life Insurance Company purchased a new stake in shares of AmeriCold Realty Trust during the 1st quarter worth about $810,000. Finally, California State Teachers Retirement System purchased a new stake in shares of AmeriCold Realty Trust during the 1st quarter worth about $1,530,000. 60.65% of the stock is owned by institutional investors.

Shares of NYSE COLD traded up $1.46 during mid-day trading on Wednesday, hitting $26.36. 1,930,620 shares of the company traded hands, compared to its average volume of 696,836. AmeriCold Realty Trust has a 1 year low of $16.13 and a 1 year high of $26.46. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.06.

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

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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