Cott Corporation (COT) Expected to Post Quarterly Sales of $997.91 Million
Analysts forecast that Cott Corporation (NYSE:COT) (TSE:BCB) will post $997.91 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Cott Corporation’s earnings. The lowest sales estimate is $968.98 million and the highest is $1.02 billion. Cott Corporation reported sales of $885.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 9th.
On average, analysts expect that Cott Corporation will report full year sales of $997.91 million for the current financial year, with estimates ranging from $3.74 billion to $3.83 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.85 billion per share, with estimates ranging from $3.79 billion to $3.90 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Cott Corporation.
Cott Corporation (NYSE:COT) (TSE:BCB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.10. Cott Corporation had a positive return on equity of 0.54% and a negative net margin of 3.88%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Cott Corporation’s revenue was up 32.5% on a year-over-year basis.
Several brokerages have weighed in on COT. BMO Capital Markets raised their target price on shares of Cott Corporation from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $20.00 target price on shares of Cott Corporation in a research note on Thursday, August 10th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.00 price target on shares of Cott Corporation in a report on Tuesday, July 25th. ValuEngine raised shares of Cott Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Jefferies Group LLC raised their price target on shares of Cott Corporation from $14.00 to $14.25 and gave the stock a “hold” rating in a report on Thursday, July 6th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $16.75.
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Shares of Cott Corporation (NYSE COT) opened at 15.13 on Friday. The stock’s market capitalization is $2.10 billion. The firm’s 50-day moving average is $15.00 and its 200-day moving average is $13.11. Cott Corporation has a 52 week low of $10.10 and a 52 week high of $17.03.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 23rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.58%. Cott Corporation’s dividend payout ratio is currently -23.30%.
Several hedge funds and other institutional investors have recently bought and sold shares of COT. Phoenix Investment Adviser LLC bought a new position in Cott Corporation during the first quarter worth about $976,000. Parametric Portfolio Associates LLC bought a new position in Cott Corporation during the first quarter worth about $180,000. Wedbush Securities Inc. bought a new position in Cott Corporation during the first quarter worth about $175,000. Karp Capital Management Corp bought a new position in Cott Corporation during the first quarter worth about $1,865,000. Finally, Teza Capital Management LLC bought a new position in Cott Corporation during the first quarter worth about $177,000.
Cott Corporation Company Profile
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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