Lineage (LINE) Projected to Post Quarterly Earnings on Wednesday

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

Lineage Trading Down 1.5 %

LINE stock opened at $55.53 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. Lineage has a 1-year low of $52.75 and a 1-year high of $89.85. The business has a fifty day moving average price of $58.42 and a 200-day moving average price of $69.85.

Lineage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Tuesday, December 31st.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LINE shares. Scotiabank reduced their price target on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group cut their target price 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. Mizuho decreased their target price on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. BNP Paribas initiated coverage on Lineage in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $61.00 price target on the stock. Finally, Robert W. Baird lowered their target price on Lineage from $91.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $84.88.

About Lineage

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.