Cott Corp Expected to Post FY2021 Earnings of $0.63 Per Share (NYSE:COT)

Cott Corp (NYSE:COT) (TSE:BCB) – Research analysts at Jefferies Financial Group boosted their FY2021 EPS estimates for Cott in a note issued to investors on Sunday, November 10th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will post earnings per share of $0.63 for the year, up from their previous forecast of $0.61.

Cott (NYSE:COT) (TSE:BCB) last issued its earnings results on Thursday, November 7th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.10). The company had revenue of $616.10 million during the quarter, compared to the consensus estimate of $620.54 million. Cott had a negative return on equity of 0.27% and a negative net margin of 0.19%. Cott’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share.

A number of other equities analysts also recently issued reports on COT. TD Securities increased their price objective on shares of Cott from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Goldman Sachs Group upgraded shares of Cott from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, July 23rd. Zacks Investment Research upgraded shares of Cott from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price objective on shares of Cott in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Cott currently has a consensus rating of “Buy” and a consensus price target of $18.00.

Shares of COT stock opened at $12.91 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.01 and a quick ratio of 0.78. The company has a market capitalization of $1.74 billion, a P/E ratio of 80.69 and a beta of 0.90. The company’s 50-day simple moving average is $12.69 and its two-hundred day simple moving average is $13.07. Cott has a one year low of $11.72 and a one year high of $15.92.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, November 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.86%. Cott’s dividend payout ratio is presently 150.00%.

In other Cott news, CEO Thomas Harrington acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of $12.49 per share, for a total transaction of $312,250.00. Following the completion of the purchase, the chief executive officer now owns 124,920 shares in the company, valued at $1,560,250.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.99% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Doyle Wealth Management bought a new position in shares of Cott during the second quarter valued at approximately $39,000. Cutler Group LP bought a new position in shares of Cott during the second quarter valued at approximately $73,000. Tower Research Capital LLC TRC boosted its stake in shares of Cott by 137.4% during the third quarter. Tower Research Capital LLC TRC now owns 7,403 shares of the company’s stock valued at $93,000 after purchasing an additional 4,285 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Cott during the second quarter valued at approximately $137,000. Finally, Atria Investments LLC bought a new position in shares of Cott during the second quarter valued at approximately $122,000.

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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