Equities analysts expect that Coca-Cola European Partners plc (NYSE:CCE) will report earnings per share of $0.55 for the current quarter, Zacks reports. Three analysts have made estimates for Coca-Cola European Partners’ earnings. The highest EPS estimate is $0.57 and the lowest is $0.53. Coca-Cola European Partners posted earnings of $0.46 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 19.6%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, March 20th.
According to Zacks, analysts expect that Coca-Cola European Partners will report full year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.39 to $2.59. For the next year, analysts anticipate that the firm will report earnings of $2.72 per share, with EPS estimates ranging from $2.63 to $2.78. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Coca-Cola European Partners.
Coca-Cola European Partners (NYSE:CCE) last released its earnings results on Tuesday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.12). The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. Coca-Cola European Partners had a return on equity of 15.60% and a net margin of 6.78%. Coca-Cola European Partners’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Macquarie lowered shares of Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a report on Friday, January 5th. Deutsche Bank assumed coverage on shares of Coca-Cola European Partners in a report on Wednesday, December 13th. They set a “buy” rating and a $43.00 target price on the stock. Susquehanna Bancshares set a $33.00 target price on shares of Coca-Cola European Partners and gave the stock a “sell” rating in a report on Wednesday, November 29th. Finally, UBS Group lowered shares of Coca-Cola European Partners to a “neutral” rating in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Coca-Cola European Partners has an average rating of “Hold” and an average target price of $43.38.
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Coca-Cola European Partners in the 2nd quarter valued at $120,000. Advisor Group Inc. raised its holdings in shares of Coca-Cola European Partners by 35.5% in the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock valued at $132,000 after purchasing an additional 939 shares in the last quarter. Phocas Financial Corp. acquired a new stake in shares of Coca-Cola European Partners in the 2nd quarter valued at $182,000. BB&T Securities LLC acquired a new stake in shares of Coca-Cola European Partners in the 3rd quarter valued at $239,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Coca-Cola European Partners in the 2nd quarter valued at $238,000. Institutional investors and hedge funds own 29.33% of the company’s stock.
Coca-Cola European Partners (NYSE CCE) traded up $0.79 during trading on Friday, reaching $39.64. 1,022,838 shares of the company’s stock were exchanged, compared to its average volume of 1,168,641. The firm has a market cap of $19,200.90, a price-to-earnings ratio of 22.65, a PEG ratio of 1.89 and a beta of 0.91. Coca-Cola European Partners has a 12 month low of $33.69 and a 12 month high of $44.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 0.95.
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About Coca-Cola European Partners
Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.
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