$0.14 Earnings Per Share Expected for Cott Corp (COT) This Quarter

Brokerages predict that Cott Corp (NYSE:COT) (TSE:BCB) will post $0.14 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Cott’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.16. Cott reported earnings per share of $0.06 during the same quarter last year, which would suggest a positive year-over-year growth rate of 133.3%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, November 8th.

On average, analysts expect that Cott will report full-year earnings of $0.26 per share for the current financial year, with EPS estimates ranging from $0.26 to $0.27. For the next year, analysts expect that the business will report earnings of $0.40 per share, with EPS estimates ranging from $0.36 to $0.44. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Cott.

COT has been the subject of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 target price on shares of Cott in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Cott from a “sell” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, October 3rd. Finally, TD Securities initiated coverage on shares of Cott in a report on Friday, August 17th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.62.

COT opened at $15.44 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.49. Cott has a 1-year low of $13.99 and a 1-year high of $17.77. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 220.57 and a beta of 0.81.

In other news, Director Stephen Halperin sold 34,131 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $16.12, for a total value of $550,191.72. Following the completion of the sale, the director now owns 100,000 shares in the company, valued at $1,612,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.06% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of COT. Levin Capital Strategies L.P. grew its position in Cott by 852.6% during the third quarter. Levin Capital Strategies L.P. now owns 2,987,452 shares of the company’s stock valued at $48,247,000 after buying an additional 2,673,850 shares during the period. Russell Investments Group Ltd. grew its position in Cott by 2,464.5% during the third quarter. Russell Investments Group Ltd. now owns 1,237,292 shares of the company’s stock valued at $19,936,000 after buying an additional 1,189,045 shares during the period. Clearfield Capital Management LP bought a new position in Cott during the second quarter valued at about $13,708,000. Eagle Asset Management Inc. bought a new position in Cott during the second quarter valued at about $13,692,000. Finally, CIBC Asset Management Inc grew its position in Cott by 1,218.8% during the second quarter. CIBC Asset Management Inc now owns 778,194 shares of the company’s stock valued at $12,895,000 after buying an additional 719,186 shares during the period.

Cott Company Profile

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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