Cott Corp (COT) Expected to Announce Quarterly Sales of $575.20 Million

Analysts expect that Cott Corp (NYSE:COT) (TSE:BCB) will post sales of $575.20 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Cott’s earnings, with the lowest sales estimate coming in at $570.00 million and the highest estimate coming in at $580.40 million. Cott posted sales of $896.40 million in the same quarter last year, which suggests a negative year-over-year growth rate of 35.8%. The business is scheduled to report its next earnings report on Thursday, May 3rd.

On average, analysts expect that Cott will report full year sales of $575.20 million for the current year, with estimates ranging from $2.37 billion to $2.39 billion. For the next financial year, analysts forecast that the firm will post sales of $2.45 billion per share, with estimates ranging from $2.44 billion to $2.46 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Cott.

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Cott (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, March 1st. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $571.30 million for the quarter, compared to analyst estimates of $617.21 million. Cott had a positive return on equity of 0.23% and a negative net margin of 0.05%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS.

A number of research analysts recently weighed in on COT shares. Scotiabank reduced their price target on Cott from $19.00 to $17.50 and set a “sector perform” rating for the company in a research note on Friday, March 2nd. BMO Capital Markets restated an “outperform” rating and issued a $19.00 price target (up from $18.00) on shares of Cott in a research note on Friday, March 2nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.25.

COT stock traded down $0.62 during mid-day trading on Wednesday, hitting $14.81. The company had a trading volume of 930,377 shares, compared to its average volume of 1,150,790. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.00 and a quick ratio of 0.86. The firm has a market cap of $2,162.51, a price-to-earnings ratio of -740.50 and a beta of 0.85. Cott has a 1-year low of $11.94 and a 1-year high of $17.77.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Tuesday, March 13th will be paid a $0.06 dividend. The ex-dividend date is Monday, March 12th. This represents a $0.24 annualized dividend and a yield of 1.62%. Cott’s dividend payout ratio (DPR) is presently -1,200.00%.

In related news, VP Marni Morgan Poe sold 30,000 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $15.84, for a total value of $475,200.00. Following the completion of the sale, the vice president now directly owns 130,864 shares in the company, valued at approximately $2,072,885.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason R. Ausher sold 5,000 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $15.69, for a total value of $78,450.00. Following the completion of the sale, the insider now owns 19,681 shares of the company’s stock, valued at $308,794.89. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock valued at $1,110,850 over the last 90 days. 2.06% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Cott during the 4th quarter valued at $173,000. Brown Advisory Inc. bought a new stake in shares of Cott during the 4th quarter valued at $214,000. Cubist Systematic Strategies LLC lifted its position in shares of Cott by 38.0% during 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 period. Investors Research Corp bought a new stake in shares of Cott during the 4th quarter valued at $338,000. Finally, Sciencast Management LP bought a new stake in shares of Cott during the 4th quarter valued at $438,000.

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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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