Analysts predict that Cott Corp (NYSE:COT) (TSE:BCB) will post $603.90 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Cott’s earnings. The lowest sales estimate is $600.06 million and the highest is $608.55 million. Cott reported sales of $580.90 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4%. The business is scheduled to issue its next earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Cott will report full-year sales of $2.36 billion for the current fiscal year, with estimates ranging from $2.35 billion to $2.37 billion. For the next fiscal year, analysts expect that the company will report sales of $2.44 billion per share, with estimates ranging from $2.42 billion to $2.46 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Cott.

Cott (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $604.00 million for the quarter, compared to the consensus estimate of $604.32 million. Cott had a return on equity of 1.92% and a net margin of 18.64%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS.

Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Cott from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Jefferies Financial Group reissued a “buy” rating and issued a $21.00 price objective on shares of Cott in a research note on Wednesday, June 20th. Morgan Stanley assumed coverage on shares of Cott in a research note on Monday, June 4th. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of Cott in a research note on Friday, June 1st. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, TD Securities assumed coverage on shares of Cott in a research note on Friday, August 17th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Cott has a consensus rating of “Buy” and an average target price of $18.82.

In related news, CEO Thomas Harrington acquired 6,393 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were purchased at an average price of $15.64 per share, for a total transaction of $99,986.52. Following the completion of the acquisition, the chief executive officer now owns 59,067 shares of the company’s stock, valued at $923,807.88. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen Halperin sold 34,131 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $16.12, for a total transaction of $550,191.72. Following the transaction, the director now owns 100,000 shares in the company, valued at approximately $1,612,000. The disclosure for this sale can be found here. Corporate insiders own 2.06% of the company’s stock.

Large investors have recently bought and sold shares of the business. P2 Capital Partners LLC grew its position in shares of Cott by 107.1% during the 1st quarter. P2 Capital Partners LLC now owns 3,140,000 shares of the company’s stock valued at $46,221,000 after acquiring an additional 1,623,956 shares during the period. Interval Partners LP boosted its holdings in Cott by 39.9% in the 1st quarter. Interval Partners LP now owns 3,020,693 shares of the company’s stock worth $44,465,000 after buying an additional 861,257 shares during the period. Clearfield Capital Management LP purchased a new stake in Cott in the 2nd quarter worth approximately $13,708,000. Eagle Asset Management Inc. purchased a new stake in Cott in the 2nd quarter worth approximately $13,692,000. Finally, CIBC Asset Management Inc lifted its stake in Cott by 1,218.8% in the 2nd quarter. CIBC Asset Management Inc now owns 778,194 shares of the company’s stock worth $12,895,000 after purchasing an additional 719,186 shares in the last quarter.

Shares of NYSE COT traded down $0.09 during midday trading on Monday, reaching $15.37. 73,748 shares of the company were exchanged, compared to its average volume of 1,020,433. The stock has a market cap of $2.17 billion, a PE ratio of 221.00 and a beta of 0.76. Cott has a one year low of $14.06 and a one year high of $17.77. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.49.

About Cott

Cott Corporation, together with its subsidiaries, operates as a route based service company in North America and Europe. It operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. The company's product portfolio includes bottled water, coffee, brewed tea, water dispensers, coffee and tea brewers, specialty coffee, liquid coffee or tea concentrate, single cup coffee, cold brewed coffee, iced blend coffee or tea beverages, blended teas, hot tea, sparkling tea, coffee or tea extract solutions, filtration equipment, hot chocolate, soups, malt drinks, creamers/whiteners, cereals, beverage concentrates, and mineral water.

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