Wall Street analysts expect Cott Corp (NYSE:COT) (TSE:BCB) to post $601.44 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Cott’s earnings, with the highest sales estimate coming in at $603.10 million and the lowest estimate coming in at $598.63 million. Cott posted sales of $580.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The firm is expected to announce its next earnings report before the market opens on Thursday, November 8th.
On average, analysts expect that Cott will report full year sales of $2.36 billion for the current year, with estimates ranging from $2.35 billion to $2.37 billion. For the next financial year, analysts expect that the company will report sales of $2.45 billion, with estimates ranging from $2.42 billion to $2.49 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Cott.
A number of analysts have weighed in on COT shares. Zacks Investment Research raised shares of Cott from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Jefferies Financial Group reissued a “buy” rating and set a $22.00 target price on shares of Cott in a research report on Thursday, August 2nd. Finally, TD Securities started coverage on shares of Cott in a research report on Friday, August 17th. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.62.
In other Cott news, Director Stephen Halperin sold 34,131 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $16.12, for a total transaction of $550,191.72. Following the transaction, the director now directly owns 100,000 shares in the company, valued at approximately $1,612,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.02% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the business. Levin Capital Strategies L.P. boosted its holdings in shares of Cott by 852.6% during the 3rd quarter. Levin Capital Strategies L.P. now owns 2,987,452 shares of the company’s stock worth $48,247,000 after buying an additional 2,673,850 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Cott by 10.4% during the 3rd quarter. Wells Fargo & Company MN now owns 2,118,150 shares of the company’s stock worth $34,208,000 after buying an additional 200,286 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Cott by 1.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,085,195 shares of the company’s stock worth $33,676,000 after buying an additional 32,401 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Cott by 2,464.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,237,292 shares of the company’s stock worth $19,936,000 after buying an additional 1,189,045 shares in the last quarter. Finally, Clearfield Capital Management LP bought a new position in shares of Cott during the 2nd quarter worth approximately $13,708,000.
NYSE:COT opened at $15.33 on Wednesday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 219.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.49 and a quick ratio of 1.16. Cott has a fifty-two week low of $13.99 and a fifty-two week high of $17.77.
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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