Wall Street brokerages expect that Cott Corporation (NYSE:COT) (TSE:BCB) will post $0.16 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Cott Corporation’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.17. Cott Corporation posted earnings of $0.15 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, August 3rd.
According to Zacks, analysts expect that Cott Corporation will report full year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.04 to $0.20. For the next financial year, analysts forecast that the business will report earnings of $0.38 per share, with EPS estimates ranging from $0.30 to $0.46. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Cott Corporation.
Cott Corporation (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, May 4th. The company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. Cott Corporation had a positive return on equity of 1.58% and a negative net margin of 3.23%. The company had revenue of $896.40 million during the quarter, compared to analyst estimates of $909.19 million. During the same quarter last year, the firm posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year.
Several research analysts recently commented on COT shares. BMO Capital Markets reissued a “buy” rating and set a $17.00 price target on shares of Cott Corporation in a research report on Thursday. Royal Bank Of Canada reissued a “buy” rating on shares of Cott Corporation in a research report on Wednesday, May 3rd. Canaccord Genuity reissued a “buy” rating and set a $19.00 price target on shares of Cott Corporation in a research report on Monday, April 17th. Jefferies Group LLC increased their price target on Cott Corporation from $12.50 to $13.50 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Finally, ValuEngine raised Cott Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Cott Corporation has an average rating of “Buy” and a consensus target price of $16.91.
Cott Corporation (COT) opened at 15.49 on Friday. Cott Corporation has a 12 month low of $10.10 and a 12 month high of $17.38. The firm has a 50-day moving average price of $14.52 and a 200 day moving average price of $12.66. The company’s market capitalization is $2.15 billion.
Several hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. acquired a new stake in Cott Corporation during the first quarter worth about $175,000. Teza Capital Management LLC acquired a new stake in Cott Corporation during the first quarter worth about $177,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Cott Corporation by 92.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock worth $180,000 after buying an additional 7,000 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new stake in Cott Corporation during the first quarter worth about $180,000. Finally, Neuberger Berman Group LLC acquired a new stake in Cott Corporation during the first quarter worth about $182,000.
Cott Corporation 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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