Analysts Expect Cott Corp (NYSE:COT) Will Post Quarterly Sales of $618.97 Million

Brokerages forecast that Cott Corp (NYSE:COT) (TSE:BCB) will report $618.97 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cott’s earnings, with the lowest sales estimate coming in at $614.50 million and the highest estimate coming in at $622.50 million. Cott posted sales of $609.30 million in the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The company is expected to announce its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Cott will report full-year sales of $2.40 billion for the current fiscal year, with estimates ranging from $2.40 billion to $2.41 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.48 billion, with estimates ranging from $2.46 billion to $2.51 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Cott.

Cott (NYSE:COT) (TSE:BCB) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.03). The business had revenue of $604.10 million during the quarter, compared to the consensus estimate of $608.80 million. Cott had a negative net margin of 0.19% and a negative return on equity of 0.27%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS.



A number of research firms recently weighed in on COT. Goldman Sachs Group upgraded shares of Cott from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, July 23rd. TD Securities increased their price target on shares of Cott from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, August 9th. ValuEngine cut shares of Cott from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Citigroup set a $17.00 price target on shares of Cott and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research cut shares of Cott from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $18.71.

Several hedge funds have recently made changes to their positions in COT. Wells Fargo & Company MN grew its position in shares of Cott by 13.6% during the first quarter. Wells Fargo & Company MN now owns 2,522,787 shares of the company’s stock worth $36,858,000 after acquiring an additional 301,795 shares during the last quarter. Brinker Capital Inc. acquired a new stake in Cott in the first quarter worth $836,000. Legal & General Group Plc increased its position in Cott by 10.5% in the fourth quarter. Legal & General Group Plc now owns 80,447 shares of the company’s stock worth $1,119,000 after buying an additional 7,615 shares during the period. Kennedy Capital Management Inc. increased its position in Cott by 4.9% in the first quarter. Kennedy Capital Management Inc. now owns 552,139 shares of the company’s stock worth $8,067,000 after buying an additional 25,959 shares during the period. Finally, Deutsche Bank AG increased its position in Cott by 48.8% in the fourth quarter. Deutsche Bank AG now owns 844,757 shares of the company’s stock worth $11,775,000 after buying an additional 276,914 shares during the period.

Cott stock traded down $0.18 during mid-day trading on Friday, reaching $12.02. The company’s stock had a trading volume of 1,966,276 shares, compared to its average volume of 1,166,413. Cott has a 12-month low of $11.72 and a 12-month high of $16.37. The firm has a market cap of $1.61 billion, a P/E ratio of 75.19 and a beta of 0.92. The company has a quick ratio of 0.85, a current ratio of 1.07 and a debt-to-equity ratio of 1.24. The stock has a fifty day moving average of $12.89.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.24 annualized dividend and a dividend yield of 2.00%. Cott’s payout ratio is 150.00%.

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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