Cott Corporation (USA) (COT) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Apr 14, 2016.
On the company’s financial health, Cott Corporation (USA) reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $-0.02. The company had revenue of $698.80 million for the quarter, compared to analysts expectations of $716.35 million. The company’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Cott Corporation (USA) closed down -0.23 points or -1.61% at $14.05 with 5,35,940 shares getting traded on Monday. Post opening the session at $14.41, the shares hit an intraday low of $14.035 and an intraday high of $14.44 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.