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

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

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $22.94 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.17 and a quick ratio of 0.17. The firm’s 50 day simple moving average is $24.10 and its 200-day simple moving average is $26.68. Americold Realty Trust has a 12 month low of $21.87 and a 12 month high of $33.90. The stock 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.

Americold Realty Trust Dividend Announcement

The firm 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -72.73%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Scotiabank initiated coverage on shares of Americold Realty Trust in a research report on Wednesday, March 27th. They issued a sector perform rating and a $27.00 target price on the stock. Wells Fargo & Company began coverage on Americold Realty Trust in a research note on Thursday, April 25th. They issued an equal weight rating and a $24.00 price objective on the stock. Truist Financial raised Americold Realty Trust from a hold rating to a buy rating and lifted their price target for the stock from $31.00 to $35.00 in a report on Tuesday, January 16th. KeyCorp cut their price target on shares of Americold Realty Trust from $37.00 to $32.00 and set an overweight rating on the stock in a research note on Friday, March 22nd. Finally, Raymond James raised shares of Americold Realty Trust from a market perform rating to an outperform rating and set a $31.00 target price for the company in a report on Thursday, February 29th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target 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.