Cott Corp (NYSE:COT) (TSE:BCB) – Equities research analysts at Jefferies Financial Group cut their FY2019 EPS estimates for shares of Cott in a research report issued to clients and investors on Sunday, November 10th. Jefferies Financial Group analyst K. Grundy now expects that the company will post earnings of $0.28 per share for the year, down from their previous estimate of $0.35. Jefferies Financial Group also issued estimates for Cott’s Q4 2019 earnings at $0.05 EPS.
Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.10). The business had revenue of $616.10 million during the quarter, compared to the consensus estimate of $620.54 million. Cott had a negative net margin of 0.19% and a negative return on equity of 0.27%. Cott’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS.
COT has been the topic of a number of other research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 target price on shares of Cott in a research note on Friday, August 9th. Goldman Sachs Group upgraded Cott from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, July 23rd. TD Securities increased their target price on Cott from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Zacks Investment Research upgraded Cott from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.33.
Shares of NYSE COT opened at $12.85 on Tuesday. The firm has a market cap of $1.71 billion, a P/E ratio of 80.31 and a beta of 0.90. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 1.25. Cott has a 1-year low of $11.72 and a 1-year high of $15.92. The business’s 50 day moving average is $12.69 and its 200-day moving average is $13.08.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.87%. Cott’s dividend payout ratio (DPR) is currently 150.00%.
In other news, CEO Thomas Harrington bought 25,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $12.49 per share, for a total transaction of $312,250.00. Following the completion of the purchase, the chief executive officer now owns 124,920 shares in the company, valued at $1,560,250.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.99% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its position in Cott by 6.2% during the third quarter. Russell Investments Group Ltd. now owns 6,506,806 shares of the company’s stock worth $81,140,000 after buying an additional 380,191 shares in the last quarter. P2 Capital Partners LLC grew its position in Cott by 15.2% during the second quarter. P2 Capital Partners LLC now owns 5,522,641 shares of the company’s stock worth $73,727,000 after buying an additional 729,589 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its position in Cott by 35.2% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 5,428,725 shares of the company’s stock worth $72,473,000 after buying an additional 1,412,428 shares in the last quarter. JPMorgan Chase & Co. grew its position in Cott by 19.1% during the second quarter. JPMorgan Chase & Co. now owns 4,090,844 shares of the company’s stock worth $53,753,000 after buying an additional 654,667 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Cott by 0.9% during the second quarter. Vanguard Group Inc. now owns 3,571,783 shares of the company’s stock worth $47,683,000 after buying an additional 32,269 shares in the last quarter.
Cott Company Profile
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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