$0.14 Earnings Per Share Expected for Cott Corp (COT) This Quarter

Brokerages expect Cott Corp (NYSE:COT) (TSE:BCB) to post $0.14 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cott’s earnings, with estimates ranging from $0.13 to $0.16. Cott posted earnings per share of $0.06 during the same quarter last year, which indicates a positive year over year growth rate of 133.3%. The company is expected to report its next quarterly earnings results before the market opens on Thursday, November 8th.

On average, analysts expect that Cott will report full year earnings of $0.26 per share for the current year, with EPS estimates ranging from $0.26 to $0.27. For the next fiscal year, analysts anticipate that the company will report earnings of $0.40 per share, with EPS estimates ranging from $0.36 to $0.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Cott.

Cott (NYSE:COT) (TSE:BCB) last released its earnings results on Thursday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $604.00 million for the quarter, compared to the consensus estimate of $604.32 million. Cott had a return on equity of 1.92% and a net margin of 18.64%. Cott’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS.

COT has been the subject of a number of research reports. Zacks Investment Research upgraded Cott from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. Jefferies Financial Group reiterated a “buy” rating and set a $22.00 target price on shares of Cott in a report on Thursday, August 2nd. Finally, TD Securities initiated coverage on Cott in a report on Friday, August 17th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.79.

COT stock traded down $0.06 during trading hours on Friday, reaching $14.76. 1,216,900 shares of the stock were exchanged, compared to its average volume of 897,590. The stock has a market cap of $2.10 billion, a PE ratio of 212.00 and a beta of 0.79. The company has a current ratio of 1.49, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. Cott has a 12 month low of $14.06 and a 12 month high of $17.77.

In related news, CEO Thomas Harrington acquired 6,393 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was bought at an average price of $15.64 per share, for a total transaction of $99,986.52. Following the acquisition, the chief executive officer now directly owns 59,067 shares of the company’s stock, valued at $923,807.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen Halperin sold 34,131 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 100,000 shares of the company’s stock, valued at approximately $1,612,000. The disclosure for this sale can be found here. 2.06% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in shares of Cott by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 1,917,864 shares of the company’s stock valued at $31,741,000 after acquiring an additional 47,456 shares in the last quarter. Clearfield Capital Management LP bought a new position in shares of Cott in the 2nd quarter valued at about $13,708,000. Eagle Asset Management Inc. bought a new position in shares of Cott in the 2nd quarter valued at about $13,692,000. CIBC Asset Management Inc grew its holdings in shares of Cott by 1,218.8% in the 2nd quarter. CIBC Asset Management Inc now owns 778,194 shares of the company’s stock valued at $12,895,000 after acquiring an additional 719,186 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Cott by 24.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 733,610 shares of the company’s stock valued at $12,146,000 after acquiring an additional 144,300 shares in the last quarter.

About Cott

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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