Lineage, Inc. (NASDAQ:LINE – Get Free Report) declared a quarterly dividend on Friday, June 12th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.5325 per share on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Tuesday, June 30th.
Lineage Stock Up 3.3%
NASDAQ LINE opened at $44.02 on Friday. The stock has a market capitalization of $10.02 billion, a P/E ratio of -70.99 and a beta of 0.88. Lineage has a 52 week low of $31.33 and a 52 week high of $45.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.76 and a current ratio of 0.85. The stock has a fifty day moving average of $40.38 and a 200-day moving average of $37.72.
Lineage (NASDAQ:LINE – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $1.01. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. On average, equities research analysts forecast that Lineage will post 2.44 EPS for the current year.
Institutional Inflows and Outflows
About Lineage
Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.
Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.
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