Cott Corporation (USA) (COT) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Cott Corporation (USA) (COT) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.17. The company posted revenue of $765.00 million in the period, compared to analysts expectations of $766.53 million. The company’s revenue was down -1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Cott Corporation (USA). JP Morgan Resumed Cott Corporation (USA) on Jun 9, 2016 to “Neutral”, Price Target of the shares are set at $17.Company shares were Reiterated by Jefferies on May 17, 2016 to “Hold”, Firm has raised the Price Target to $ 15.50 from a previous price target of $13 .Company shares were Reiterated by Deutsche Bank on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .

Cott Corporation (USA) opened for trading at $14.84 and hit $14.92 on the upside on Tusday, eventually ending the session at $14.79, with a gain of 0.68% or 0.1 points. The heightened volatility saw the trading volume jump to 6,95,819 shares. Company has a market cap of $1,814 M.

In a different news, on Feb 19, 2015, Steven Kitching (President-US Business Unit) sold 2,034 shares at $7.86 per share price. According to the SEC, on Feb 19, 2015, Stephen Corby (Managing Director UK Business) sold 771 shares at $7.86 per share price. On Feb 2, 2015, Gregory R Monahan (director) purchased 519 shares at $6.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Cott Corporation together with its consolidated subsidiaries is engaged in production of beverages on behalf of retailers brand owners and distributors. The Company operates in three segments: North America United Kingdom and All Other. The Company is also engaged in home and office bottled water and office coffee services distribution in the United States. The Company’s product lines include carbonated soft drinks (CSDs) 100% shelf stable juice and juice-based products clear still and sparkling flavored waters energy drinks and shots sports products new age beverages ready-to-drink teas and alcoholic beverages beverage concentrates liquid enhancers and freezables as well as hot chocolate coffee malt drinks creamers/whiteners and cereals. The Company’s has approximately 62 beverage manufacturing production distribution and fruit processing facilities.

Cott Corporation (USA)

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