Zacks: Analysts Anticipate Cott Corp (COT) to Announce $0.03 EPS

Wall Street brokerages expect Cott Corp (NYSE:COT) (TSE:BCB) to announce $0.03 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Cott’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.04. Cott posted earnings of $0.02 per share during the same quarter last year, which indicates a positive year over year growth rate of 50%. The business is scheduled to announce its next quarterly earnings results before the market opens on Friday, February 22nd.

On average, analysts expect that Cott will report full-year earnings of $0.24 per share for the current fiscal year, with EPS estimates ranging from $0.22 to $0.27. For the next year, analysts anticipate that the firm will post earnings of $0.35 per share, with EPS estimates ranging from $0.25 to $0.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Cott.

Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The business had revenue of $609.30 million for the quarter, compared to analyst estimates of $603.37 million. Cott had a return on equity of 1.77% and a net margin of 17.03%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 earnings per share.



Several analysts have commented on the company. Zacks Investment Research downgraded Cott from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. ValuEngine downgraded Cott from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $21.00 price objective on shares of Cott in a research note on Thursday, November 8th. BMO Capital Markets reaffirmed a “buy” rating and set a $20.00 price objective on shares of Cott in a research note on Tuesday, November 13th. Finally, Citigroup set a $19.00 price objective on Cott and gave the company a “buy” rating in a research note on Friday, November 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $18.76.

Shares of NYSE COT traded up $0.01 during trading hours on Wednesday, reaching $15.49. The stock had a trading volume of 57,182 shares, compared to its average volume of 700,260. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2.09 billion, a PE ratio of 221.29 and a beta of 0.83. Cott has a fifty-two week low of $13.34 and a fifty-two week high of $17.06.

In other news, Director Graham W. Savage sold 7,879 shares of the stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $14.98, for a total transaction of $118,027.42. Following the completion of the transaction, the director now directly owns 32,706 shares of the company’s stock, valued at approximately $489,935.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Graham W. Savage sold 12,411 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $15.08, for a total value of $187,157.88. Following the transaction, the director now directly owns 40,585 shares of the company’s stock, valued at $612,021.80. The disclosure for this sale can be found here. Corporate insiders own 3.02% of the company’s stock.

Several hedge funds have recently modified their holdings of COT. Tobam grew its holdings in shares of Cott by 10.0% in the 3rd quarter. Tobam now owns 222,900 shares of the company’s stock worth $3,595,000 after acquiring an additional 20,300 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Cott by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,085,195 shares of the company’s stock worth $33,676,000 after acquiring an additional 32,401 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Cott by 89.1% in the 3rd quarter. GSA Capital Partners LLP now owns 287,810 shares of the company’s stock worth $4,648,000 after acquiring an additional 135,642 shares during the period. First Hawaiian Bank grew its holdings in shares of Cott by 24.5% in the 4th quarter. First Hawaiian Bank now owns 4,399 shares of the company’s stock worth $61,000 after acquiring an additional 865 shares during the period. Finally, Intact Investment Management Inc. grew its holdings in shares of Cott by 93.6% in the 3rd quarter. Intact Investment Management Inc. now owns 502,900 shares of the company’s stock worth $10,460,000 after acquiring an additional 243,100 shares during the period.

About Cott

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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