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

Wall Street analysts expect that Cott Corp (NYSE:COT) (TSE:BCB) will report sales of $540.85 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Cott’s earnings. The highest sales estimate is $543.00 million and the lowest is $538.70 million. Cott posted sales of $887.40 million during the same quarter last year, which would indicate a negative year over year growth rate of 39.1%. The company is scheduled to announce its next earnings results on Thursday, February 22nd.

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

Cott (NYSE:COT) (TSE:BCB) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.08). Cott had a negative net margin of 2.86% and a positive return on equity of 0.09%. The company had revenue of $995.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis.

Several analysts recently issued reports on the company. Credit Suisse Group increased their price target on Cott from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Cott in a report on Friday, October 27th. Zacks Investment Research upgraded Cott from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada restated a “buy” rating and set a $20.00 target price on shares of Cott in a research note on Friday, September 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $17.04.

In other news, Director Gregory R. Monahan sold 7,500 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.10, for a total transaction of $128,250.00. Following the completion of the sale, the director now directly owns 102,666 shares in the company, valued at $1,755,588.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.06% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp grew its stake in shares of Cott by 0.4% during the third quarter. Mackenzie Financial Corp now owns 1,107,157 shares of the company’s stock valued at $16,618,000 after acquiring an additional 4,299 shares in the last quarter. Swiss National Bank lifted its position in shares of Cott by 1.9% during the third quarter. Swiss National Bank now owns 234,500 shares of the company’s stock worth $3,517,000 after purchasing an additional 4,300 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Cott by 38.0% during the third quarter. Cubist Systematic Strategies LLC now owns 20,805 shares of the company’s stock worth $312,000 after purchasing an additional 5,731 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Cott by 2.9% during the third quarter. Nordea Investment Management AB now owns 251,900 shares of the company’s stock worth $3,781,000 after purchasing an additional 7,100 shares during the last quarter. Finally, Shell Asset Management Co. lifted its position in shares of Cott by 78.2% during the third quarter. Shell Asset Management Co. now owns 23,584 shares of the company’s stock worth $181,000 after purchasing an additional 10,353 shares during the last quarter.

Shares of Cott (NYSE:COT) opened at $16.69 on Friday. Cott has a twelve month low of $10.34 and a twelve month high of $17.77. The stock has a market capitalization of $2,310.00, a price-to-earnings ratio of -23.84 and a beta of 0.86. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.01 and a quick ratio of 0.86.

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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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