Equities analysts expect that Coca-Cola European Partners plc (NYSE:CCE) will announce sales of $3.04 billion for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Coca-Cola European Partners’ earnings, with the highest sales estimate coming in at $3.12 billion and the lowest estimate coming in at $2.98 billion. Coca-Cola European Partners posted sales of $2.78 billion in the same quarter last year, which would indicate a positive year over year growth rate of 9.4%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, March 20th.
On average, analysts expect that Coca-Cola European Partners will report full year sales of $3.04 billion for the current financial year, with estimates ranging from $12.33 billion to $13.20 billion. For the next fiscal year, analysts expect that the firm will report sales of $13.08 billion per share, with estimates ranging from $12.63 billion to $13.48 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Coca-Cola European Partners.
Coca-Cola European Partners (NYSE:CCE) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. Coca-Cola European Partners had a net margin of 6.78% and a return on equity of 15.60%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS.
A number of brokerages recently issued reports on CCE. Zacks Investment Research upgraded shares of Coca-Cola European Partners from a “sell” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, January 9th. Susquehanna Bancshares set a $33.00 price target on shares of Coca-Cola European Partners and gave the stock a “sell” rating in a report on Wednesday, November 29th. UBS Group lowered shares of Coca-Cola European Partners to a “neutral” rating in a report on Monday, November 13th. Macquarie lowered shares of Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price target for the company. in a report on Friday, January 5th. Finally, Deutsche Bank started coverage on shares of Coca-Cola European Partners in a report on Wednesday, December 13th. They set a “buy” rating and a $43.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Coca-Cola European Partners presently has a consensus rating of “Hold” and a consensus price target of $43.38.
Coca-Cola European Partners (CCE) opened at $39.75 on Tuesday. The stock has a market cap of $19,200.00, a P/E ratio of 22.65, a P/E/G ratio of 1.88 and a beta of 0.88. Coca-Cola European Partners has a fifty-two week low of $33.89 and a fifty-two week high of $44.75. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.76.
Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. raised its holdings in Coca-Cola European Partners by 35.5% during the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after purchasing an additional 939 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Coca-Cola European Partners by 0.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock valued at $698,088,000 after acquiring an additional 139,127 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Coca-Cola European Partners by 93.9% in the 3rd quarter. Stifel Financial Corp now owns 31,471 shares of the company’s stock valued at $1,302,000 after acquiring an additional 15,241 shares in the last quarter. Davidson Kempner Capital Management LP bought a new stake in shares of Coca-Cola European Partners in the 3rd quarter valued at $2,539,000. Finally, Cipher Capital LP increased its stake in shares of Coca-Cola European Partners by 84.0% in the 3rd quarter. Cipher Capital LP now owns 99,419 shares of the company’s stock valued at $4,137,000 after acquiring an additional 45,381 shares in the last quarter. Hedge funds and other institutional investors own 29.31% of the company’s stock.
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Coca-Cola European Partners Company Profile
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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