$0.02 Earnings Per Share Expected for Cott Corp (COT) This Quarter
Brokerages predict that Cott Corp (NYSE:COT) (TSE:BCB) will announce $0.02 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Cott’s earnings. The highest EPS estimate is $0.05 and the lowest is ($0.02). Cott reported earnings of $0.01 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The firm is scheduled to report its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Cott will report full-year earnings of $0.03 per share for the current fiscal year, with EPS estimates ranging from ($0.02) to $0.07. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.21 per share, with EPS estimates ranging from $0.19 to $0.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Cott.
Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). Cott had a positive return on equity of 0.09% and a negative net margin of 2.86%. The company had revenue of $995.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $0.04 earnings per share. Cott’s revenue was up 12.4% on a year-over-year basis.
A number of equities analysts have recently commented on the company. Credit Suisse Group raised their price target on Cott from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. ValuEngine raised Cott from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $20.00 price objective on shares of Cott in a research note on Thursday, August 10th. BMO Capital Markets reissued an “outperform” rating on shares of Cott in a research note on Tuesday, September 12th. Finally, Zacks Investment Research raised Cott from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $17.04.
Cott (NYSE:COT) traded up $0.05 during trading on Thursday, hitting $17.44. The stock had a trading volume of 1,462,200 shares, compared to its average volume of 1,170,055. Cott has a 52-week low of $10.30 and a 52-week high of $17.77. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.01 and a quick ratio of 0.86.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 28th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.38%. Cott’s payout ratio is -34.29%.
In other Cott news, Director Gregory R. Monahan sold 7,500 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.10, for a total transaction of $128,250.00. Following the sale, the director now owns 102,666 shares in the company, valued at $1,755,588.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jason R. Ausher sold 5,800 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $15.35, for a total value of $89,030.00. Following the sale, the chief accounting officer now owns 20,770 shares in the company, valued at approximately $318,819.50. The disclosure for this sale can be found here. Insiders have sold 21,800 shares of company stock worth $347,330 in the last 90 days. Company insiders own 2.06% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Symons Capital Management Inc. increased its holdings in shares of Cott by 0.5% in the second quarter. Symons Capital Management Inc. now owns 54,340 shares of the company’s stock worth $785,000 after buying an additional 275 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Cott by 0.4% in the third quarter. Mackenzie Financial Corp now owns 1,107,157 shares of the company’s stock worth $16,618,000 after buying an additional 4,299 shares during the period. Swiss National Bank increased its holdings in shares of Cott by 1.9% in the third quarter. Swiss National Bank now owns 234,500 shares of the company’s stock worth $3,517,000 after buying an additional 4,300 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Cott by 38.0% in the third quarter. Cubist Systematic Strategies LLC now owns 20,805 shares of the company’s stock worth $312,000 after buying an additional 5,731 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Cott by 2.9% in the third quarter. Nordea Investment Management AB now owns 251,900 shares of the company’s stock worth $3,781,000 after buying an additional 7,100 shares during the period.
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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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