Equities research analysts expect that Cott Corp (NYSE:COT) (TSE:BCB) will post sales of $605.63 million for the current quarter, Zacks reports. Three analysts have issued estimates for Cott’s earnings. The lowest sales estimate is $597.10 million and the highest is $610.79 million. Cott posted sales of $603.60 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.3%. The business is expected to announce its next earnings report on Thursday, August 1st.
According to Zacks, analysts expect that Cott will report full year sales of $2.40 billion for the current financial year, with estimates ranging from $2.37 billion to $2.42 billion. For the next financial year, analysts forecast that the company will post sales of $2.49 billion, with estimates ranging from $2.45 billion to $2.51 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Cott.
Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.10). The company had revenue of $574.10 million during the quarter, compared to the consensus estimate of $566.04 million. Cott had a return on equity of 0.39% and a net margin of 0.08%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 earnings per share.
A number of research analysts have recently commented on COT shares. Zacks Investment Research upgraded shares of Cott from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 14th. TD Securities cut shares of Cott from an “action list buy” rating to a “buy” rating and cut their price target for the stock from $20.00 to $17.00 in a report on Friday, May 3rd. Citigroup set a $17.00 price target on shares of Cott and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, ValuEngine cut shares of Cott from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $18.40.
Large investors have recently added to or reduced their stakes in the stock. Doyle Wealth Management purchased a new stake in Cott in the fourth quarter worth about $41,000. Oppenheimer Asset Management Inc. purchased a new stake in Cott in the first quarter worth about $86,000. Stevens Capital Management LP purchased a new stake in Cott in the fourth quarter worth about $148,000. Blueshift Asset Management LLC purchased a new stake in Cott in the fourth quarter worth about $210,000. Finally, Lido Advisors LLC purchased a new stake in Cott in the first quarter worth about $279,000.
Shares of NYSE COT traded up $0.21 during mid-day trading on Monday, reaching $13.35. The company had a trading volume of 886,762 shares, compared to its average volume of 1,091,071. The stock’s 50-day moving average price is $13.47. 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 has a market cap of $1.79 billion, a PE ratio of 83.44 and a beta of 0.98. Cott has a 52 week low of $12.72 and a 52 week high of $17.06.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Friday, May 31st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Thursday, May 30th. Cott’s dividend payout ratio (DPR) is presently 150.00%.
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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