Zacks: Analysts Anticipate Cott Corp (NYSE:COT) Will Post Quarterly Sales of $604.56 Million
Equities analysts expect Cott Corp (NYSE:COT) (TSE:BCB) to announce sales of $604.56 million for the current quarter, according to Zacks. Three analysts have made estimates for Cott’s earnings, with the lowest sales estimate coming in at $602.19 million and the highest estimate coming in at $608.89 million. Cott posted sales of $599.20 million in the same quarter last year, which suggests a positive year over year growth rate of 0.9%. The business is expected to announce its next quarterly earnings report on Friday, February 28th.
On average, analysts expect that Cott will report full year sales of $2.39 billion for the current financial year, with estimates ranging from $2.39 billion to $2.40 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.48 billion, with estimates ranging from $2.46 billion to $2.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Cott.
Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.10). Cott had a negative return on equity of 0.27% and a negative net margin of 0.19%. The business had revenue of $616.10 million for the quarter, compared to analysts’ expectations of $620.54 million. During the same period last year, the business posted $0.06 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year.
Shares of NYSE COT traded up $0.21 during midday trading on Friday, hitting $13.59. 4,809 shares of the company traded hands, compared to its average volume of 788,536. Cott has a 12-month low of $11.72 and a 12-month high of $15.92. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.83 and a current ratio of 1.05. The stock has a 50-day moving average price of $12.93 and a 200 day moving average price of $12.93. The firm has a market cap of $1.80 billion, a P/E ratio of 84.63 and a beta of 0.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Tuesday, November 26th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.24 annualized dividend and a yield of 1.77%. Cott’s payout ratio is 150.00%.
A number of large investors have recently modified their holdings of COT. Aperio Group LLC lifted its holdings in shares of Cott by 4.1% in the second quarter. Aperio Group LLC now owns 35,355 shares of the company’s stock worth $472,000 after buying an additional 1,399 shares in the last quarter. Marshall Wace North America L.P. boosted its position in shares of Cott by 17.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 14,178 shares of the company’s stock valued at $189,000 after purchasing an additional 2,132 shares during the period. First Mercantile Trust Co. boosted its position in shares of Cott by 20.8% in the 2nd quarter. First Mercantile Trust Co. now owns 15,121 shares of the company’s stock valued at $202,000 after purchasing an additional 2,600 shares during the period. CIBC Asset Management Inc increased its stake in Cott by 3.4% in the 2nd quarter. CIBC Asset Management Inc now owns 79,348 shares of the company’s stock worth $1,059,000 after purchasing an additional 2,638 shares in the last quarter. Finally, Doyle Wealth Management purchased a new position in Cott in the 2nd quarter worth about $39,000.
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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