Equities research analysts expect Cott (NYSE:COT) (TSE:BCB) to post $570.46 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Cott’s earnings. The highest sales estimate is $580.40 million and the lowest is $560.98 million. Cott posted sales of $896.40 million during the same quarter last year, which would indicate a negative year over year growth rate of 36.4%. The company is expected to issue its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Cott will report full-year sales of $570.46 million for the current year, with estimates ranging from $2.37 billion to $2.39 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.45 billion per share, with estimates ranging from $2.44 billion to $2.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Cott.
Cott (NYSE:COT) (TSE:BCB) last announced its earnings results on Thursday, March 1st. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Cott had a positive return on equity of 0.23% and a negative net margin of 0.05%. The company had revenue of $571.30 million for the quarter, compared to the consensus estimate of $617.21 million. During the same period last year, the business posted $0.01 EPS. The company’s revenue was up 9.6% on a year-over-year basis.
Several brokerages have weighed in on COT. Scotiabank lifted their target price on Cott from $18.50 to $19.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of Cott in a research note on Friday, March 2nd. ValuEngine upgraded Cott from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Deutsche Bank downgraded Cott from a “buy” rating to a “hold” rating and set a $17.85 target price on the stock. in a research note on Monday, March 26th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cott currently has an average rating of “Buy” and a consensus price target of $17.33.
Shares of COT stock opened at $14.74 on Friday. Cott has a twelve month low of $12.04 and a twelve month high of $17.77. The company has a market capitalization of $2,079.82, a price-to-earnings ratio of 208.43 and a beta of 0.80. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.74.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Tuesday, March 13th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.63%. Cott’s dividend payout ratio (DPR) is presently 342.86%.
In related news, CFO Jay Wells sold 35,000 shares of Cott stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $15.92, for a total value of $557,200.00. Following the sale, the chief financial officer now directly owns 114,257 shares in the company, valued at $1,818,971.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Marni Morgan Poe sold 30,000 shares of Cott stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $15.84, for a total value of $475,200.00. Following the completion of the sale, the vice president now owns 130,864 shares in the company, valued at $2,072,885.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,000 shares of company stock worth $1,110,850. Company insiders own 2.06% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its stake in shares of Cott by 13.2% in the fourth quarter. Alliancebernstein L.P. now owns 6,144,469 shares of the company’s stock valued at $102,367,000 after buying an additional 715,105 shares in the last quarter. Millennium Management LLC boosted its position in Cott by 10.7% during the fourth quarter. Millennium Management LLC now owns 6,063,753 shares of the company’s stock worth $101,022,000 after purchasing an additional 585,654 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in Cott by 12.7% during the fourth quarter. Thrivent Financial For Lutherans now owns 2,360,449 shares of the company’s stock worth $39,325,000 after purchasing an additional 265,616 shares in the last quarter. Victory Capital Management Inc. boosted its position in Cott by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,056,275 shares of the company’s stock worth $34,258,000 after purchasing an additional 14,499 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in Cott by 5,415.7% during the fourth quarter. Two Sigma Investments LP now owns 1,993,212 shares of the company’s stock worth $33,209,000 after purchasing an additional 1,957,075 shares in the last quarter.
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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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