Jefferies Financial Group Analysts Reduce Earnings Estimates for Cott Corp (TSE:BCB)

Cott Corp (TSE:BCB) (NYSE:COT) – Jefferies Financial Group reduced their Q4 2019 EPS estimates for Cott in a research note issued on Sunday, November 10th, according to Zacks Investment Research. Jefferies Financial Group analyst K. Grundy now forecasts that the company will post earnings per share of $0.07 for the quarter, down from their prior estimate of $0.09.

BCB traded up C$0.16 during trading on Tuesday, reaching C$17.95. 96,890 shares of the stock were exchanged, compared to its average volume of 164,855. The business’s 50 day moving average price is C$17.10 and its two-hundred day moving average price is C$17.13. The company has a debt-to-equity ratio of 135.59, a current ratio of 1.05 and a quick ratio of 0.78. The company has a market capitalization of $2.41 billion and a price-to-earnings ratio of -543.94. Cott has a 1 year low of C$15.62 and a 1 year high of C$21.06.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, December 6th 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 yield of 1.34%. Cott’s payout ratio is -727.27%.

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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