Lineage (LINE) Projected to Post Quarterly Earnings on Wednesday

Lineage (NASDAQ:LINE - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect Lineage to post earnings of $0.82 per share and revenue of $1.34 billion for the quarter.

Lineage Trading Up 1.0 %

Shares of LINE stock traded up $0.57 during midday trading on Monday, hitting $56.42. The company had a trading volume of 139,903 shares, compared to its average volume of 1,243,183. Lineage has a 52-week low of $46.63 and a 52-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 company's 50 day simple moving average is $56.95 and its 200 day simple moving average is $61.13.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were given a $0.5275 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 3.74%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LINE shares. The Goldman Sachs Group reduced their target price on shares of Lineage from $89.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 17th. BNP Paribas started coverage on Lineage in a report on Tuesday, January 14th. They issued a "neutral" rating and a $61.00 price objective on the stock. Scotiabank reissued a "sector perform" rating and set a $56.00 target price (down from $74.00) on shares of Lineage in a research note on Thursday, April 10th. Mizuho decreased their price target on Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays initiated coverage on Lineage in a research report on Wednesday, April 9th. They issued an "overweight" rating and a $59.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lineage currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.63.

Insiders Place Their Bets

In other news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the purchase, the chairman now owns 24,317 shares of the company's stock, valued at approximately $1,471,178.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by company insiders.

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.