Equities analysts expect that Cott Corp (NYSE:COT) (TSE:BCB) will post earnings per share (EPS) of $0.16 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Cott’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.19. Cott posted earnings per share of $0.06 in the same quarter last year, which suggests a positive year over year growth rate of 166.7%. The company is scheduled to issue its next earnings results before the market opens on Thursday, November 7th.
On average, analysts expect that Cott will report full year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.33 to $0.35. For the next year, analysts expect that the firm will report earnings of $0.46 per share, with EPS estimates ranging from $0.44 to $0.47. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Cott.
Cott (NYSE:COT) (TSE:BCB) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.03). Cott had a negative return on equity of 0.27% and a negative net margin of 0.19%. The business had revenue of $604.10 million for the quarter, compared to analyst estimates of $608.80 million. During the same quarter last year, the company earned $0.09 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year.
COT has been the topic of several analyst reports. Goldman Sachs Group upgraded shares of Cott from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, July 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Cott in a report on Friday, August 9th. TD Securities upped their price objective on shares of Cott from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Zacks Investment Research raised shares of Cott from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $18.71.
In other news, CEO Thomas Harrington acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $12.49 per share, with a total value of $312,250.00. Following the acquisition, the chief executive officer now owns 124,920 shares in the company, valued at $1,560,250.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Rosenfeld acquired 80,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $12.38 per share, with a total value of $990,400.00. Following the completion of the acquisition, the director now owns 415,478 shares in the company, valued at approximately $5,143,617.64. The disclosure for this purchase can be found here. 3.99% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential PLC boosted its holdings in Cott by 3.1% in the 2nd quarter. Prudential PLC now owns 1,080,500 shares of the company’s stock valued at $14,425,000 after purchasing an additional 32,900 shares during the period. Doyle Wealth Management bought a new stake in Cott in the 2nd quarter valued at $39,000. Nuveen Asset Management LLC bought a new stake in Cott in the 2nd quarter valued at $17,444,000. Stevens Capital Management LP bought a new stake in Cott in the 2nd quarter valued at $234,000. Finally, CIBC Asset Management Inc boosted its holdings in Cott by 3.4% in the 2nd quarter. CIBC Asset Management Inc now owns 79,348 shares of the company’s stock valued at $1,059,000 after purchasing an additional 2,638 shares during the period.
Shares of COT traded up $0.12 during mid-day trading on Tuesday, hitting $12.81. 426,828 shares of the company’s stock were exchanged, compared to its average volume of 1,085,025. The firm has a fifty day moving average of $12.77 and a two-hundred day moving average of $13.28. Cott has a twelve month low of $11.72 and a twelve month high of $16.26. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 80.06 and a beta of 0.87. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 1.25.
Cott Corporation, together with its subsidiaries, operates as a route based service company in the United States, the United Kingdom, Canada, and internationally. The company operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. Its 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, and beverage concentrates, as well as premium spring, sparkling and flavored, and mineral water.
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