Cott (NYSE:COT) Announces Quarterly Earnings Results

Cott (NYSE:COT) (TSE:BCB) issued its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.10), Briefing.com reports. Cott had a negative net margin of 0.19% and a negative return on equity of 0.27%. The firm 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 company earned $0.06 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis.

Shares of NYSE COT traded up $0.02 during trading on Friday, reaching $12.66. 1,654,032 shares of the stock traded hands, compared to its average volume of 1,067,390. Cott has a 52-week low of $11.72 and a 52-week high of $15.96. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.01 and a quick ratio of 0.78. The company has a 50-day moving average of $12.70 and a 200-day moving average of $13.11. The stock has a market capitalization of $1.76 billion, a P/E ratio of 79.13 and a beta of 0.90.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.90%. Cott’s dividend payout ratio is presently 150.00%.

In related news, CEO Thomas Harrington acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $12.49 per share, for a total transaction of $312,250.00. Following the purchase, the chief executive officer now owns 124,920 shares in the company, valued at approximately $1,560,250.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric Rosenfeld acquired 80,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $12.38 per share, for a total transaction of $990,400.00. Following the completion of the purchase, the director now owns 415,478 shares in the company, valued at approximately $5,143,617.64. The disclosure for this purchase can be found here. 3.99% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the company. TD Securities upped their price target on Cott from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Goldman Sachs Group raised Cott from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, July 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Cott in a research report on Friday, August 9th. Finally, Zacks Investment Research raised Cott from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $18.33.

Cott Company Profile

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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