$0.13 Earnings Per Share Expected for Cott Corporation (COT) This Quarter
Wall Street analysts expect Cott Corporation (NYSE:COT) (TSE:BCB) to post $0.13 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Cott Corporation’s earnings, with estimates ranging from $0.11 to $0.14. Cott Corporation reported earnings per share of $0.09 in the same quarter last year, which indicates a positive year over year growth rate of 44.4%. The company is scheduled to report its next earnings results on Thursday, November 9th.
According to Zacks, analysts expect that Cott Corporation will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from ($0.03) to $0.20. For the next financial year, analysts forecast that the company will post earnings of $0.36 per share, with EPS estimates ranging from $0.24 to $0.46. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Cott Corporation.
Cott Corporation (NYSE:COT) (TSE:BCB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.54%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. During the same period last year, the company earned $0.15 EPS. The business’s revenue was up 32.5% compared to the same quarter last year.
Several research firms have issued reports on COT. Royal Bank Of Canada reissued an “outperform” rating and set a $20.00 target price on shares of Cott Corporation in a research note on Thursday, August 10th. BMO Capital Markets raised their target price on Cott Corporation from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and set a $12.00 target price on shares of Cott Corporation in a research note on Tuesday, July 25th. Jefferies Group LLC raised their target price on Cott Corporation from $14.00 to $14.25 and gave the stock a “hold” rating in a research note on Thursday, July 6th. Finally, ValuEngine raised Cott Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.75.
Shares of Cott Corporation (COT) traded down 0.06% during midday trading on Wednesday, hitting $15.41. The company’s stock had a trading volume of 25,510 shares. The firm has a 50-day moving average of $14.95 and a 200 day moving average of $13.08. The firm’s market cap is $2.14 billion. Cott Corporation has a 12-month low of $10.10 and a 12-month high of $17.31.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 23rd will be paid a $0.06 dividend. The ex-dividend date is Monday, August 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.56%. Cott Corporation’s payout ratio is presently -23.30%.
Large investors have recently modified their holdings of the stock. First Mercantile Trust Co. purchased a new stake in shares of Cott Corporation during the second quarter worth $145,000. Wedbush Securities Inc. purchased a new stake in shares of Cott Corporation during the first quarter worth $175,000. Teza Capital Management LLC purchased a new stake in shares of Cott Corporation during the first quarter worth $177,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Cott Corporation during the first quarter worth $180,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cott Corporation by 92.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock worth $180,000 after buying an additional 7,000 shares during the last quarter.
WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/16/0-13-earnings-per-share-expected-for-cott-corporation-cot-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cott Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cott Corporation and related companies with MarketBeat.com's FREE daily email newsletter.