Cott (COT) Expected to Post Quarterly Sales of $571.03 Million

Wall Street brokerages expect Cott (NYSE:COT) (TSE:BCB) to announce sales of $571.03 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cott’s earnings, with the highest sales estimate coming in at $582.10 million and the lowest estimate coming in at $560.98 million. Cott reported sales of $896.40 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 36.3%. The firm is expected to report its next earnings report before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that Cott will report full-year sales of $2.38 billion for the current fiscal year, with estimates ranging from $2.38 billion to $2.39 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.45 billion per share, with estimates ranging from $2.45 billion to $2.46 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Cott.

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Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, March 1st. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. Cott had a negative net margin of 0.05% and a positive return on equity of 0.23%. The company had revenue of $571.30 million during the quarter, compared to the consensus estimate of $617.21 million. During the same period last year, the firm earned $0.01 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis.



A number of research firms have recently issued reports on COT. Scotiabank set a $18.50 price target on shares of Cott and gave the company a “sector perform” rating in a research report on Tuesday, January 16th. BMO Capital Markets reiterated an “outperform” rating and set a $19.00 price target (up from $18.00) on shares of Cott in a research report on Friday, March 2nd. Deutsche Bank downgraded shares of Cott from a “buy” rating to a “hold” rating and set a $17.85 price target for the company. in a research report on Monday, March 26th. Finally, ValuEngine upgraded shares of Cott from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.33.

COT stock opened at $14.39 on Tuesday. Cott has a 12-month low of $12.04 and a 12-month high of $17.77. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.00 and a quick ratio of 0.86. The company has a market cap of $2,054.60, a PE ratio of 205.57 and a beta of 0.80.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Tuesday, March 13th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.67%. Cott’s dividend payout ratio (DPR) is 342.86%.

In other news, CFO Jay Wells sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $15.92, for a total transaction of $557,200.00. Following the completion of the transaction, the chief financial officer now directly owns 114,257 shares of the company’s stock, valued at approximately $1,818,971.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Marni Morgan Poe sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $15.84, for a total transaction of $475,200.00. Following the transaction, the vice president now directly owns 130,864 shares of the company’s stock, valued at $2,072,885.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,000 shares of company stock valued at $1,110,850. Corporate insiders own 3.02% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of COT. Virtu Financial LLC purchased a new position in shares of Cott during the 4th quarter worth approximately $173,000. Brown Advisory Inc. purchased a new position in shares of Cott during the 4th quarter worth approximately $214,000. Cubist Systematic Strategies LLC increased its stake in shares of Cott by 38.0% during the 3rd 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 in the last quarter. Investors Research Corp purchased a new stake in Cott in the 4th quarter worth approximately $338,000. Finally, Sciencast Management LP purchased a new stake in Cott in the 4th quarter worth approximately $438,000.

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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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