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

Americold Realty Trust (NYSE:COLD) issued an update on its FY24 earnings guidance on Thursday morning. 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

Americold Realty Trust stock traded up $0.08 during mid-day trading on Thursday, hitting $22.94. 4,025,635 shares of the company traded hands, compared to its average volume of 2,307,548. Americold Realty Trust has a one year low of $21.87 and a one year high of $33.90. The stock has a market cap 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 debt-to-equity ratio of 0.13, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a fifty day moving average price of $24.10 and a 200-day moving average price of $26.68.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -72.73%.

Wall Street Analysts Forecast Growth

COLD has been the topic of several research reports. Truist Financial raised shares of 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 research note on Tuesday, January 16th. Scotiabank initiated coverage on shares of Americold Realty Trust in a research note on Wednesday, March 27th. They set a sector perform rating and a $27.00 price target on the stock. KeyCorp decreased 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. Barclays decreased their target price on shares of Americold Realty Trust from $32.00 to $25.00 and set an equal weight rating on the stock in a research note on Wednesday, March 27th. 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 given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $30.33.

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.