Cott Corp (COT) Expected to Post Quarterly Sales of $540.85 Million

Equities research analysts expect Cott Corp (NYSE:COT) (TSE:BCB) to post sales of $540.85 million for the current quarter, Zacks reports. Two analysts have made estimates for Cott’s earnings, with the highest sales estimate coming in at $543.00 million and the lowest estimate coming in at $538.70 million. Cott posted sales of $887.40 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 39.1%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, March 1st.

According to Zacks, analysts expect that Cott will report full-year sales of $540.85 million for the current financial year. For the next fiscal year, analysts forecast that the company will report sales of $2.31 billion per share, with estimates ranging from $2.29 billion to $2.32 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Cott.

A number of equities analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of Cott from $18.50 to $19.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Credit Suisse Group upped their price target on shares of Cott from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price target on shares of Cott in a research note on Friday, October 27th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.32.

Cott (NYSE COT) opened at $15.48 on Thursday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.86 and a current ratio of 1.01. Cott has a 12 month low of $10.44 and a 12 month high of $17.77. The firm has a market cap of $2,117.33, a price-to-earnings ratio of -22.11 and a beta of 0.73.

In related news, Director Gregory R. Monahan sold 7,500 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $17.10, for a total value of $128,250.00. Following the sale, the director now directly owns 102,666 shares of the company’s stock, valued at approximately $1,755,588.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.06% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in Cott in the 4th quarter valued at about $173,000. Shell Asset Management Co. grew its stake in Cott by 78.2% in the 3rd quarter. Shell Asset Management Co. now owns 23,584 shares of the company’s stock valued at $181,000 after acquiring an additional 10,353 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Cott in the 2nd quarter valued at about $200,000. Brown Advisory Inc. acquired a new stake in Cott in the 4th quarter valued at about $214,000. Finally, Cubist Systematic Strategies LLC grew its stake in Cott by 38.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 20,805 shares of the company’s stock valued at $312,000 after acquiring an additional 5,731 shares during the last quarter.

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Cott 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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