$538.50 Million in Sales Expected for Cott Corp (COT) This Quarter
Equities analysts expect Cott Corp (NYSE:COT) (TSE:BCB) to post $538.50 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Cott’s earnings, with the highest sales estimate coming in at $543.00 million and the lowest estimate coming in at $534.00 million. Cott posted sales of $887.40 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 39.3%. The firm is scheduled to issue its next earnings report on Thursday, February 22nd.
On average, analysts expect that Cott will report full year sales of $538.50 million for the current year, with estimates ranging from $2.23 billion to $2.24 billion. For the next financial year, analysts anticipate that the company will post sales of $2.30 billion per share, with estimates ranging from $2.29 billion to $2.30 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Cott.
Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The firm had revenue of $995.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Cott had a positive return on equity of 0.09% and a negative net margin of 2.86%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 earnings per share.
A number of research firms recently issued reports on COT. BMO Capital Markets reiterated an “outperform” rating on shares of Cott in a report on Tuesday, September 12th. Zacks Investment Research upgraded Cott from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine upgraded Cott from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Credit Suisse Group raised their price target on Cott from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $20.00 price target on shares of Cott in a research note on Friday, September 15th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $17.04.
In other Cott news, Director Gregory R. Monahan sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $17.10, for a total value of $128,250.00. Following the completion of the transaction, the director now directly owns 102,666 shares in the company, valued at $1,755,588.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.06% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of COT. Alliancebernstein L.P. boosted its stake in shares of Cott by 157.3% during the 2nd quarter. Alliancebernstein L.P. now owns 4,078,156 shares of the company’s stock worth $58,889,000 after acquiring an additional 2,493,378 shares during the period. Cramer Rosenthal Mcglynn LLC bought a new position in shares of Cott during the 2nd quarter worth approximately $21,543,000. Balyasny Asset Management LLC bought a new position in shares of Cott during the 2nd quarter worth approximately $11,876,000. Overbrook Management Corp boosted its stake in shares of Cott by 49.1% during the 2nd quarter. Overbrook Management Corp now owns 1,817,223 shares of the company’s stock worth $26,241,000 after acquiring an additional 598,209 shares during the period. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Cott by 61.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,546,464 shares of the company’s stock worth $22,331,000 after acquiring an additional 588,620 shares during the period.
Cott (NYSE COT) traded down $0.15 during trading hours on Wednesday, hitting $16.42. The company had a trading volume of 340,400 shares, compared to its average volume of 1,150,752. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.86 and a current ratio of 1.01. The company has a market capitalization of $2,308.17, a P/E ratio of -23.46 and a beta of 0.86. Cott has a fifty-two week low of $10.34 and a fifty-two week high of $17.77.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Tuesday, November 28th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, November 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.46%. Cott’s dividend payout ratio is -34.29%.
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Cott Company Profile
Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through five operating segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.), Royal Crown International (RCI) and Mexico.
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