Lineage (LINE) Expected to Announce Quarterly Earnings on Wednesday

Lineage (NASDAQ:LINE) is expected to be releasing its earnings data before the market opens on Wednesday, February 5th. Analysts expect Lineage to post earnings of $0.72 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($3.22). Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. On average, analysts expect Lineage to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Lineage Stock Performance

NASDAQ:LINE opened at $60.00 on Monday. Lineage has a fifty-two week low of $52.75 and a fifty-two week high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $59.92.

Lineage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Tuesday, December 31st.

Wall Street Analyst Weigh In

LINE has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. JPMorgan Chase & Co. cut shares of Lineage from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $78.00 to $75.00 in a report on Friday, December 20th. Robert W. Baird decreased their price objective on shares of Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group decreased their price objective on shares of Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, BNP Paribas assumed coverage on shares of Lineage in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $61.00 price objective for the company. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lineage has a consensus rating of “Moderate Buy” and a consensus target price of $85.06.

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.