Brokerages Expect Cott Corp (COT) to Post -$0.04 EPS

Analysts expect that Cott Corp (NYSE:COT) (TSE:BCB) will announce ($0.04) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Cott’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.03). Cott reported earnings per share of ($0.02) in the same quarter last year, which suggests a negative year-over-year growth rate of 100%. The company is scheduled to report its next earnings report before the market opens on Thursday, May 2nd.

On average, analysts expect that Cott will report full year earnings of $0.33 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.40. For the next financial year, analysts anticipate that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.47 to $0.53. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Cott.

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

COT has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Cott from a “buy” rating to a “hold” rating in a report on Friday, March 15th. ValuEngine downgraded shares of Cott from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $19.20.

In other Cott news, CEO Charles R. Hinson purchased 51,405 shares of Cott stock in a transaction that occurred on Tuesday, February 26th. The shares were 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 owns 210,116 shares of the company’s stock, valued at approximately $3,126,526.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven P. Stanbrook purchased 13,500 shares of Cott stock in a transaction that occurred on Tuesday, February 26th. The stock was acquired at an average price 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 approximately $199,395. The disclosure for this purchase can be found here. Insiders own 3.99% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Doyle Wealth Management purchased a new stake in Cott in the fourth quarter worth about $41,000. Cutler Group LP boosted its holdings in Cott by 39,900.0% during the 4th quarter. Cutler Group LP now owns 4,000 shares of the company’s stock valued at $55,000 after acquiring an additional 3,990 shares during the period. First Hawaiian Bank boosted its holdings in Cott by 24.5% during the 4th quarter. First Hawaiian Bank now owns 4,399 shares of the company’s stock valued at $61,000 after acquiring an additional 865 shares during the period. Stevens Capital Management LP purchased a new position in Cott during the 4th quarter valued at about $148,000. Finally, Blueshift Asset Management LLC purchased a new position in Cott during the 4th quarter valued at about $210,000.

Shares of Cott stock traded up $0.12 during trading on Monday, hitting $15.01. The company’s stock had a trading volume of 89,252 shares, compared to its average volume of 751,021. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.13 and a quick ratio of 0.90. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 93.88 and a beta of 0.81. Cott has a 52 week low of $13.34 and a 52 week high of $17.06.

About Cott

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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