Cott Corporation (NYSE:COT) (TSE:BCB) posted its earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08), Briefing.com reports. Cott Corporation had a negative net margin of 2.86% and a positive return on equity of 0.09%. The firm had revenue of $995.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis.
Cott Corporation (NYSE:COT) opened at $16.15 on Friday. Cott Corporation has a 52-week low of $10.10 and a 52-week high of $16.26. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.00 and a quick ratio of 0.67.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 28th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.49%. The ex-dividend date is Monday, November 27th. Cott Corporation’s dividend payout ratio (DPR) is presently -34.29%.
In related news, CAO Jason R. Ausher sold 5,800 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $15.35, for a total value of $89,030.00. Following the transaction, the chief accounting officer now owns 20,770 shares in the company, valued at approximately $318,819.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory R. Monahan sold 8,500 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $15.30, for a total value of $130,050.00. Following the completion of the transaction, the director now owns 115,666 shares in the company, valued at approximately $1,769,689.80. The disclosure for this sale can be found here. Insiders own 2.06% of the company’s stock.
Several research firms have recently weighed in on COT. Credit Suisse Group boosted their target price on Cott Corporation from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday. ValuEngine raised Cott Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 target price on shares of Cott Corporation in a report on Tuesday, July 25th. BMO Capital Markets boosted their target price on Cott Corporation from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of Cott Corporation in a report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Cott Corporation has an average rating of “Buy” and an average price target of $17.04.
About Cott Corporation
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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