Jefferies Financial Group Weighs in on Cott Corp’s FY2019 Earnings (COT)

Cott Corp (NYSE:COT) (TSE:BCB) – Jefferies Financial Group issued their FY2019 EPS estimates for shares of Cott in a report released on Tuesday, March 12th. Jefferies Financial Group analyst K. Grundy expects that the company will post earnings of $0.34 per share for the year. Jefferies Financial Group also issued estimates for Cott’s FY2020 earnings at $0.47 EPS.

Cott (NYSE:COT) (TSE:BCB) last announced its quarterly earnings results on Friday, February 22nd. The company reported $0.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.03. Cott had a net margin of 16.14% and a return on equity of 1.72%. The firm had revenue of $599.20 million for the quarter, compared to analyst estimates of $597.75 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis.

Several other research firms also recently issued reports on COT. Zacks Investment Research raised Cott from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday. ValuEngine cut Cott from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $18.98.

NYSE:COT opened at $15.05 on Friday. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 94.06 and a beta of 0.82. Cott has a one year low of $13.34 and a one year high of $17.06. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.90 and a current ratio of 1.13.

Institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Cott by 10.4% in the third quarter. Wells Fargo & Company MN now owns 2,118,150 shares of the company’s stock worth $34,208,000 after purchasing an additional 200,286 shares during the period. Tobam boosted its holdings in Cott by 10.0% in the third quarter. Tobam now owns 222,900 shares of the company’s stock worth $3,595,000 after acquiring an additional 20,300 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Cott by 14.8% in the third quarter. Alliancebernstein L.P. now owns 6,907,891 shares of the company’s stock worth $111,562,000 after acquiring an additional 889,971 shares in the last quarter. Gluskin Sheff & Assoc Inc. boosted its holdings in Cott by 11.9% in the third quarter. Gluskin Sheff & Assoc Inc. now owns 267,145 shares of the company’s stock worth $4,312,000 after acquiring an additional 28,451 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Cott by 5.8% in the third quarter. Canada Pension Plan Investment Board now owns 776,330 shares of the company’s stock worth $12,522,000 after acquiring an additional 42,720 shares in the last quarter.

In other Cott news, CEO Charles R. Hinson bought 51,405 shares of Cott stock in a transaction dated Tuesday, February 26th. The shares were purchased at an average cost of $14.88 per share, with a total value of $764,906.40. Following the completion of the purchase, the chief executive officer now owns 210,116 shares of the company’s stock, valued at $3,126,526.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven P. Stanbrook bought 13,500 shares of Cott stock in a transaction dated Tuesday, February 26th. The shares were acquired at an average cost of $14.77 per share, for a total transaction of $199,395.00. Following the completion of the purchase, the director now directly owns 13,500 shares of the company’s stock, valued at approximately $199,395. The disclosure for this purchase can be found here. 3.02% of the stock is owned by company insiders.

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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