Brokerages Expect Cott Corp (NYSE:COT) to Announce $0.05 EPS

Equities research analysts forecast that Cott Corp (NYSE:COT) (TSE:BCB) will announce $0.08 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cott’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.06. Cott posted earnings of $0.03 per share in the same quarter last year, which would indicate a positive year over year growth rate of 166.7%. The firm is scheduled to issue its next earnings results on Friday, February 28th.

According to Zacks, analysts expect that Cott will report full-year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.35. For the next year, analysts anticipate that the company will post earnings of $0.46 per share, with EPS estimates ranging from $0.44 to $0.47. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Cott.

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 Thomson Reuters’ consensus estimate of $0.16 by ($0.10). Cott had a negative net margin of 0.19% and a negative return on equity of 0.27%. The firm had revenue of $616.10 million during the quarter, compared to analyst estimates of $620.54 million. During the same quarter in the prior year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis.

COT has been the topic of several recent analyst reports. TD Securities boosted their target price 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Cott in a report on Friday, August 9th. Zacks Investment Research raised Cott from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Goldman Sachs Group raised Cott from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $18.33.

Shares of NYSE:COT opened at $12.66 on Wednesday. Cott has a 52 week low of $11.72 and a 52 week high of $15.96. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.78 and a current ratio of 1.01. The company’s fifty day moving average is $12.70 and its 200-day moving average is $13.11. The company has a market capitalization of $1.76 billion, a PE ratio of 79.13 and a beta of 0.90.

In other Cott news, Director Eric Rosenfeld purchased 80,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $12.38 per share, with a total value of $990,400.00. Following the completion of the acquisition, the director now directly owns 415,478 shares of the company’s stock, valued at approximately $5,143,617.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Harrington purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $12.49 per share, with a total value of $312,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 124,920 shares of the company’s stock, valued at $1,560,250.80. The disclosure for this purchase can be found here. Insiders own 3.99% of the company’s stock.

Large investors have recently made changes to their positions in the business. Doyle Wealth Management bought a new stake in Cott during the 2nd quarter worth about $39,000. Cutler Group LP bought a new stake in Cott during the 2nd quarter worth about $73,000. Tower Research Capital LLC TRC raised its holdings in Cott by 137.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,403 shares of the company’s stock worth $93,000 after purchasing an additional 4,285 shares during the last quarter. Atria Investments LLC bought a new stake in Cott during the 2nd quarter worth about $122,000. Finally, Paloma Partners Management Co bought a new stake in Cott during the 2nd quarter worth about $137,000.

Cott Company Profile

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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