Brokerages forecast that Cott Corp (NYSE:COT) (TSE:BCB) will announce $0.14 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Cott’s earnings, with estimates ranging from $0.13 to $0.16. Cott posted earnings per share of $0.06 in the same quarter last year, which would suggest a positive year over year growth rate of 133.3%. The company is scheduled to issue its next earnings report before the market opens on Thursday, November 8th.
According to Zacks, analysts expect that Cott will report full year earnings of $0.26 per share for the current financial year, with EPS estimates ranging from $0.26 to $0.27. For the next fiscal year, analysts forecast that the business will post earnings of $0.40 per share, with EPS estimates ranging from $0.36 to $0.44. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Cott.
Cott (NYSE:COT) (TSE:BCB) last released its quarterly 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). Cott had a net margin of 18.64% and a return on equity of 1.92%. The firm had revenue of $604.00 million during the quarter, compared to the consensus estimate of $604.32 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis.
A number of research firms have recently weighed in on COT. TD Securities began coverage on shares of Cott in a report on Friday, August 17th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Cott from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $22.00 price target on shares of Cott in a report on Thursday, August 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $18.79.
Shares of NYSE:COT traded down $0.06 during trading on Friday, reaching $14.76. The stock had a trading volume of 1,216,900 shares, compared to its average volume of 897,590. Cott has a one year low of $14.06 and a one year high of $17.77. The stock has a market capitalization of $2.10 billion, a P/E ratio of 212.00 and a beta of 0.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.49.
In related news, Director Stephen Halperin sold 34,131 shares of Cott stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $16.12, for a total value of $550,191.72. Following the completion of the sale, the director now directly owns 100,000 shares in the company, valued at approximately $1,612,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Harrington bought 6,393 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was bought at an average price of $15.64 per share, with a total value of $99,986.52. Following the completion of the purchase, the chief executive officer now directly owns 59,067 shares in the company, valued at $923,807.88. The disclosure for this purchase can be found here. 2.06% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its stake in Cott by 206.9% in the 2nd quarter. US Bancorp DE now owns 6,758 shares of the company’s stock worth $112,000 after purchasing an additional 4,556 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Cott in the 3rd quarter worth approximately $161,000. Verition Fund Management LLC acquired a new stake in Cott in the 1st quarter worth approximately $159,000. Fox Run Management L.L.C. acquired a new stake in Cott in the 2nd quarter worth approximately $526,000. Finally, Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Cott in the 2nd quarter worth approximately $546,000.
Cott Company Profile
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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