Cott Corp (COT) to Post Q1 2019 Earnings of ($0.04) Per Share, Jefferies Financial Group Forecasts

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Cott Corp (NYSE:COT) (TSE:BCB) – Stock analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for shares of Cott in a research note issued on Tuesday, March 12th. Jefferies Financial Group analyst K. Grundy forecasts that the company will post earnings of ($0.04) per share for the quarter. Jefferies Financial Group also issued estimates for Cott’s Q2 2019 earnings at $0.08 EPS, Q3 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.09 EPS and FY2021 earnings at $0.61 EPS.

Several other equities research analysts have also recently commented on COT. Zacks Investment Research cut Cott from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. ValuEngine cut Cott from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $18.98.

NYSE COT opened at $15.00 on Thursday. The firm has a market capitalization of $2.04 billion, a PE ratio of 93.75 and a beta of 0.82. Cott has a 52 week low of $13.34 and a 52 week high of $17.06. The company has a quick ratio of 0.90, a current ratio of 1.13 and a debt-to-equity ratio of 1.07.

Cott (NYSE:COT) (TSE:BCB) last released its earnings results on Friday, February 22nd. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The company had revenue of $599.20 million during the quarter, compared to analysts’ expectations of $597.75 million. Cott had a return on equity of 1.72% and a net margin of 16.14%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS.

Several large investors have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its position in shares of Cott by 14.8% in the 3rd quarter. Alliancebernstein L.P. now owns 6,907,891 shares of the company’s stock worth $111,562,000 after purchasing an additional 889,971 shares during the last quarter. Levin Capital Strategies L.P. lifted its holdings in Cott by 52.4% during the fourth quarter. Levin Capital Strategies L.P. now owns 4,551,866 shares of the company’s stock worth $63,453,000 after acquiring an additional 1,564,414 shares in the last quarter. Vanguard Group Inc lifted its holdings in Cott by 2.7% during the third quarter. Vanguard Group Inc now owns 3,294,879 shares of the company’s stock worth $53,211,000 after acquiring an additional 85,590 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Cott by 2.7% during the third quarter. Vanguard Group Inc. now owns 3,294,879 shares of the company’s stock worth $53,211,000 after acquiring an additional 85,590 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Cott by 3.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,420,944 shares of the company’s stock worth $33,748,000 after acquiring an additional 78,182 shares in the last quarter.

In related news, Director Steven P. Stanbrook purchased 13,500 shares of Cott stock in a transaction dated Tuesday, February 26th. The shares were acquired at an average cost of $14.77 per share, for a total transaction of $199,395.00. Following the transaction, the director now directly owns 13,500 shares of the company’s stock, valued at $199,395. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles R. Hinson purchased 51,405 shares of Cott stock in a transaction dated Tuesday, February 26th. The stock was bought at an average price of $14.88 per share, for a total transaction of $764,906.40. Following the completion of the transaction, the chief executive officer now directly owns 210,116 shares in the company, valued at $3,126,526.08. The disclosure for this purchase can be found here. 3.02% of the stock is owned by company insiders.

About Cott

Cott Corporation, together with its subsidiaries, operates as a route based service company in North America and Europe. It operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. The company's 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, beverage concentrates, and mineral water.

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