Equities analysts expect Cott Corporation (NYSE:COT) (TSE:BCB) to post $983.25 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Cott Corporation’s earnings, with the lowest sales estimate coming in at $966.66 million and the highest estimate coming in at $995.92 million. Cott Corporation posted sales of $765.00 million during the same quarter last year, which suggests a positive year over year growth rate of 28.5%. The firm is scheduled to announce its next earnings report on Thursday, August 3rd.
On average, analysts expect that Cott Corporation will report full year sales of $983.25 million for the current year, with estimates ranging from $3.74 billion to $3.82 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.81 billion per share, with estimates ranging from $3.76 billion to $3.88 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow Cott Corporation.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, May 4th. The company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. The company had revenue of $896.40 million during the quarter, compared to analyst estimates of $909.19 million. Cott Corporation had a negative net margin of 3.23% and a positive return on equity of 1.58%. The firm’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS.
Several research firms recently issued reports on COT. Zacks Investment Research downgraded shares of Cott Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, February 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 price objective on shares of Cott Corporation in a report on Friday, March 24th. Canaccord Genuity reaffirmed a “buy” rating and set a $19.00 price objective on shares of Cott Corporation in a report on Monday, April 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $14.00 price objective (up from $13.50) on shares of Cott Corporation in a report on Monday, June 12th. Finally, BMO Capital Markets raised shares of Cott Corporation from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $15.00 to $17.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Cott Corporation presently has an average rating of “Buy” and an average target price of $16.88.
Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its position in Cott Corporation by 26.0% in the fourth quarter. GSA Capital Partners LLP now owns 26,004 shares of the company’s stock valued at $295,000 after buying an additional 5,370 shares during the period. PEAK6 Investments L.P. boosted its position in Cott Corporation by 255.4% in the fourth quarter. PEAK6 Investments L.P. now owns 23,484 shares of the company’s stock valued at $266,000 after buying an additional 38,593 shares during the period. Bayesian Capital Management LP boosted its position in Cott Corporation by 228.9% in the fourth quarter. Bayesian Capital Management LP now owns 37,500 shares of the company’s stock valued at $425,000 after buying an additional 26,100 shares during the period. Waratah Capital Advisors Ltd. bought a new position in Cott Corporation during the fourth quarter valued at $6,537,000. Finally, Thompson Siegel & Walmsley LLC boosted its position in Cott Corporation by 185.2% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 334,200 shares of the company’s stock valued at $3,786,000 after buying an additional 217,000 shares during the period.
Cott Corporation (NYSE COT) traded down 0.98% on Friday, hitting $14.19. 506,883 shares of the stock traded hands. Cott Corporation has a 1-year low of $10.10 and a 1-year high of $17.38. The stock has a 50-day moving average price of $13.37 and a 200 day moving average price of $11.96. The company’s market cap is $1.97 billion.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Friday, June 2nd were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. This is a boost from Cott Corporation’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, May 31st. Cott Corporation’s dividend payout ratio is -30.38%.
Cott Corporation Company Profile
Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through five operating segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.), Royal Crown International (RCI) and Mexico.
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