$983.25 Million in Sales Expected for Cott Corporation (NYSE:COT) This Quarter
Equities research analysts predict that Cott Corporation (NYSE:COT) (TSE:BCB) will post $983.25 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Cott Corporation’s earnings, with estimates ranging from $966.66 million to $995.92 million. Cott Corporation reported sales of $765.00 million during the same quarter last year, which indicates a positive year over year growth rate of 28.5%. The company is expected to announce its next earnings report on Thursday, August 3rd.
According to Zacks, 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 averages are an average based on a survey of sell-side analysts that that provide coverage for Cott Corporation.
Cott Corporation (NYSE:COT) (TSE:BCB) last issued its quarterly earnings results on Thursday, May 4th. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.04. The business had revenue of $896.40 million for the quarter, compared to analysts’ expectations of $909.19 million. Cott Corporation had a negative net margin of 3.23% and a positive return on equity of 1.58%. The business’s revenue was up 28.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) earnings per share.
A number of brokerages recently weighed in on COT. Royal Bank Of Canada restated a “buy” rating and issued a $20.00 price objective on shares of Cott Corporation in a report on Friday, March 24th. Jefferies Group LLC restated a “hold” rating and issued a $13.50 price objective on shares of Cott Corporation in a report on Friday, May 19th. ValuEngine upgraded shares of Cott Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BMO Capital Markets upgraded shares of Cott Corporation from a “market perform” rating to an “outperform” rating and boosted their price objective 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. Finally, Canaccord Genuity restated a “buy” rating and issued a $19.00 price objective on shares of Cott Corporation in a report on Monday, April 17th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $16.91.
Large investors have recently bought and sold shares of the company. Wedbush Securities Inc. bought a new stake in Cott Corporation during the first quarter valued at approximately $175,000. Teza Capital Management LLC bought a new stake in Cott Corporation during the first quarter valued at approximately $177,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cott Corporation by 92.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock valued at $180,000 after buying an additional 7,000 shares during the period. Parametric Portfolio Associates LLC bought a new stake in Cott Corporation during the first quarter valued at approximately $180,000. Finally, Neuberger Berman Group LLC bought a new stake in Cott Corporation during the first quarter valued at approximately $182,000.
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Shares of Cott Corporation (NYSE:COT) traded up 3.04% during mid-day trading on Friday, hitting $14.23. The company had a trading volume of 1,572,836 shares. Cott Corporation has a 52 week low of $10.10 and a 52 week high of $17.38. The firm’s market capitalization is $1.98 billion. The firm has a 50-day moving average price of $13.75 and a 200-day moving average price of $12.18.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Friday, June 2nd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.74%. This is a positive change from Cott Corporation’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, May 31st. Cott Corporation’s dividend payout ratio is -30.38%.
About Cott Corporation
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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