Brokerages Anticipate Cott Corporation (COT) to Announce $0.13 Earnings Per Share
Equities analysts forecast that Cott Corporation (NYSE:COT) (TSE:BCB) will report earnings per share (EPS) of $0.13 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Cott Corporation’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.11. Cott Corporation posted earnings of $0.09 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 44.4%. The firm is scheduled to announce its next earnings report on Thursday, November 9th.
According to Zacks, analysts expect that Cott Corporation will report full-year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from ($0.03) to $0.20. For the next year, analysts anticipate that the firm will post earnings of $0.36 per share, with EPS estimates ranging from $0.24 to $0.46. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Cott Corporation.
Cott Corporation (NYSE:COT) (TSE:BCB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.54%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 32.5% on a year-over-year basis.
COT has been the topic of a number of research reports. BMO Capital Markets reissued a “buy” rating and set a $17.00 target price on shares of Cott Corporation in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating on shares of Cott Corporation in a report on Wednesday, May 3rd. Jefferies Group LLC reissued a “hold” rating and set a $13.50 target price on shares of Cott Corporation in a report on Friday, May 19th. Zacks Investment Research lowered shares of Cott Corporation from a “buy” rating to a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine raised shares of Cott Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cott Corporation presently has a consensus rating of “Hold” and an average target price of $16.75.
Shares of Cott Corporation (NYSE:COT) traded down 0.06% during trading on Wednesday, reaching $15.41. 25,520 shares of the company traded hands. Cott Corporation has a 12-month low of $10.10 and a 12-month high of $17.31. The company has a 50 day moving average price of $14.95 and a 200 day moving average price of $13.08. The firm’s market capitalization is $2.14 billion.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 23rd will be given a $0.06 dividend. The ex-dividend date is Monday, August 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.56%. Cott Corporation’s dividend payout ratio (DPR) is currently -23.30%.
Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of Cott Corporation by 36.2% in the first quarter. FMR LLC now owns 9,745,914 shares of the company’s stock worth $120,628,000 after buying an additional 2,591,155 shares during the period. Russell Investments Group Ltd. increased its position in shares of Cott Corporation by 2.8% in the second quarter. Russell Investments Group Ltd. now owns 5,493,194 shares of the company’s stock worth $79,276,000 after buying an additional 151,673 shares during the period. Alliancebernstein L.P. increased its position in shares of Cott Corporation by 157.3% in the second quarter. Alliancebernstein L.P. now owns 4,078,156 shares of the company’s stock worth $58,889,000 after buying an additional 2,493,378 shares during the period. Vanguard Group Inc. increased its position in shares of Cott Corporation by 4.5% in the second quarter. Vanguard Group Inc. now owns 2,804,428 shares of the company’s stock worth $40,495,000 after buying an additional 120,040 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Cott Corporation by 42.8% in the first quarter. Wells Fargo & Company MN now owns 2,150,660 shares of the company’s stock worth $26,582,000 after buying an additional 645,087 shares during the period.
About Cott Corporation
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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