Cott (NYSE:COT) Announces Quarterly Earnings Results

Cott (NYSE:COT) (TSE:BCB) released its quarterly earnings data on Thursday. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.03), Briefing.com reports. The company had revenue of $604.10 million during the quarter, compared to analysts’ expectations of $608.80 million. Cott had a negative return on equity of 0.27% and a negative net margin of 0.19%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS. Cott updated its FY 2019 guidance to EPS.

NYSE COT traded down $0.64 during mid-day trading on Friday, hitting $12.66. The stock had a trading volume of 1,627,900 shares, compared to its average volume of 943,379. The stock’s 50 day moving average is $12.96. Cott has a twelve month low of $12.17 and a twelve month high of $16.37. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.85 and a current ratio of 1.07.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Tuesday, August 20th. Cott’s payout ratio is 150.00%.

COT has been the subject of several research analyst reports. Citigroup set a $17.00 target price on Cott and gave the stock a “buy” rating in a research note on Friday, May 3rd. ValuEngine downgraded Cott from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 target price on shares of Cott in a research note on Friday. Zacks Investment Research downgraded Cott from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Goldman Sachs Group raised Cott from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $18.71.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Cott by 13.6% in the 1st quarter. Wells Fargo & Company MN now owns 2,522,787 shares of the company’s stock valued at $36,858,000 after purchasing an additional 301,795 shares during the last quarter. Brinker Capital Inc. acquired a new position in Cott in the 1st quarter valued at $836,000. Legal & General Group Plc raised its stake in Cott by 10.5% in the 4th quarter. Legal & General Group Plc now owns 80,447 shares of the company’s stock valued at $1,119,000 after purchasing an additional 7,615 shares during the last quarter. Kennedy Capital Management Inc. raised its stake in Cott by 4.9% in the 1st quarter. Kennedy Capital Management Inc. now owns 552,139 shares of the company’s stock valued at $8,067,000 after purchasing an additional 25,959 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in Cott by 48.8% in the 4th quarter. Deutsche Bank AG now owns 844,757 shares of the company’s stock valued at $11,775,000 after purchasing an additional 276,914 shares during the last quarter.

About Cott

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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Earnings History for Cott (NYSE:COT)

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