Cott (NYSE:COT) (TSE:BCB) announced its quarterly earnings data on Thursday. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.10), Briefing.com reports. The company had revenue of $574.10 million during the quarter, compared to the consensus estimate of $566.04 million. Cott had a net margin of 16.14% and a return on equity of 1.72%. Cott’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. Cott updated its FY 2019 guidance to EPS.
NYSE:COT traded down $1.20 during mid-day trading on Thursday, hitting $14.04. The stock had a trading volume of 6,505,796 shares, compared to its average volume of 1,190,579. Cott has a twelve month low of $13.34 and a twelve month high of $17.06. The company has a market capitalization of $2.07 billion, a P/E ratio of 87.75 and a beta of 0.82. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.90 and a current ratio of 1.13.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 31st will be paid a $0.06 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.24 annualized dividend and a yield of 1.71%. Cott’s dividend payout ratio (DPR) is currently 150.00%.
In other news, CEO Charles R. Hinson bought 51,405 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was acquired at an average cost of $14.88 per share, for a total transaction of $764,906.40. Following the purchase, the chief executive officer now owns 210,116 shares of the company’s stock, valued at approximately $3,126,526.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven P. Stanbrook bought 13,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was purchased at an average price of $14.77 per share, with a total value of $199,395.00. Following the completion of the purchase, the director now directly owns 13,500 shares in the company, valued at approximately $199,395. The disclosure for this purchase can be found here. Company insiders own 3.99% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. First Hawaiian Bank lifted its position in Cott by 24.5% during the fourth quarter. First Hawaiian Bank now owns 4,399 shares of the company’s stock worth $61,000 after acquiring an additional 865 shares during the last quarter. CIBC Asset Management Inc lifted its position in Cott by 3.2% during the fourth quarter. CIBC Asset Management Inc now owns 76,793 shares of the company’s stock worth $1,070,000 after acquiring an additional 2,365 shares during the last quarter. Doyle Wealth Management acquired a new stake in Cott during the fourth quarter worth approximately $41,000. Great West Life Assurance Co. Can lifted its position in Cott by 16.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 27,126 shares of the company’s stock worth $367,000 after acquiring an additional 3,915 shares during the last quarter. Finally, Cutler Group LP lifted its position in Cott by 39,900.0% during the fourth quarter. Cutler Group LP now owns 4,000 shares of the company’s stock worth $55,000 after acquiring an additional 3,990 shares during the last quarter.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Cott from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine cut Cott from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.20.
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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