Cott (NYSE:COT) Announces Earnings Results

Cott (NYSE:COT) (TSE:BCB) posted its quarterly earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.10), reports. 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 in the prior year, the business posted $0.06 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year.

Shares of NYSE COT traded up $0.02 during midday trading on Friday, reaching $12.66. 1,659,530 shares of the stock were exchanged, compared to its average volume of 1,067,390. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 79.13 and a beta of 0.90. Cott has a twelve month low of $11.72 and a twelve month high of $15.96. The firm has a 50-day simple moving average of $12.71 and a two-hundred day simple moving average of $13.12. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 1.25.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Cott from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 9th. TD Securities raised their price target on shares of Cott from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Goldman Sachs Group raised shares of Cott from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Cott in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.71.

In other news, CEO Thomas Harrington acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $12.49 per share, with a total value of $312,250.00. Following the purchase, the chief executive officer now directly owns 124,920 shares of the company’s stock, valued at $1,560,250.80. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eric Rosenfeld acquired 80,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $12.38 per share, for a total transaction of $990,400.00. Following the purchase, the director now directly owns 415,478 shares in the company, valued at $5,143,617.64. The disclosure for this purchase can be found here. 3.99% of the stock is owned by company insiders.

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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Earnings History for Cott (NYSE:COT)

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