Americold Realty Trust (NYSE:COLD) Issues Earnings Results, Beats Expectations By $0.27 EPS

Americold Realty Trust (NYSE:COLD) issued its quarterly earnings data on Thursday. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27, Zacks reports. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust updated its FY 2025 guidance to 1.510-1.590 EPS.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD traded down $0.18 during trading on Friday, hitting $22.14. The stock had a trading volume of 488,643 shares, compared to its average volume of 1,744,375. Americold Realty Trust has a 12-month low of $20.41 and a 12-month high of $30.45. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of -21.92, a price-to-earnings-growth ratio of 1.57 and a beta of 0.61. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $21.57 and a two-hundred day simple moving average of $24.83.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s payout ratio is -87.13%.

Insider Transactions at Americold Realty Trust

In related news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the transaction, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on COLD. Robert W. Baird dropped their price objective on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Truist Financial decreased their price target on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Citigroup decreased their price target on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. Barclays decreased their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Finally, Raymond James decreased their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.