Lineage (LINE) to Release Earnings on Wednesday

Lineage (NASDAQ:LINE) is projected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Lineage to post earnings of $0.71 per share and revenue of $1.35 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Lineage Stock Up 0.3 %

NASDAQ LINE opened at $54.02 on Tuesday. Lineage has a 52 week low of $52.75 and a 52 week high of $89.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. The stock has a fifty day moving average of $57.80 and a 200-day moving average of $68.95.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were given a $0.5275 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 3.91%.

Analyst Upgrades and Downgrades

LINE has been the topic of several recent research reports. Royal Bank of Canada reduced their target price on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. BNP Paribas initiated coverage on shares of Lineage in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $61.00 price objective on the stock. Mizuho dropped their target price on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Scotiabank reduced their price target on Lineage from $76.00 to $73.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group reduced their price objective on shares of Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lineage currently has a consensus rating of “Moderate Buy” and an average price target of $84.88.

Lineage Company Profile

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.