Wall Street analysts predict that Coca-Cola European Partners PLC (NYSE:CCEP) will report earnings per share of $0.87 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Coca-Cola European Partners’ earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.90. Coca-Cola European Partners posted earnings per share of $0.80 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The firm is scheduled to report its next earnings report on Thursday, August 15th.
According to Zacks, analysts expect that Coca-Cola European Partners will report full year earnings of $2.80 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.92. For the next financial year, analysts expect that the company will post earnings of $3.06 per share, with EPS estimates ranging from $2.74 to $3.20. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Coca-Cola European Partners.
Several analysts have issued reports on CCEP shares. Barclays set a $60.00 price target on Coca-Cola European Partners and gave the company a “buy” rating in a research note on Friday, August 9th. Evercore ISI reaffirmed a “buy” rating and issued a $60.00 target price on shares of Coca-Cola European Partners in a research report on Thursday, August 8th. ValuEngine downgraded Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley downgraded Coca-Cola European Partners from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 12th. They noted that the move was a valuation call. Finally, ABN Amro raised Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Coca-Cola European Partners presently has a consensus rating of “Hold” and an average price target of $54.00.
Institutional investors have recently bought and sold shares of the stock. Enterprise Financial Services Corp bought a new stake in shares of Coca-Cola European Partners during the second quarter worth approximately $25,000. FTB Advisors Inc. bought a new stake in shares of Coca-Cola European Partners during the second quarter worth approximately $25,000. Zions Bancorporation N.A. bought a new stake in shares of Coca-Cola European Partners during the second quarter worth approximately $26,000. SevenBridge Financial Group LLC bought a new stake in shares of Coca-Cola European Partners during the second quarter worth approximately $26,000. Finally, Lenox Wealth Management Inc. bought a new stake in shares of Coca-Cola European Partners during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 30.47% of the company’s stock.
Shares of CCEP traded up $0.78 during midday trading on Friday, hitting $54.45. The stock had a trading volume of 31,603 shares, compared to its average volume of 1,019,144. The firm has a 50 day moving average of $56.48. Coca-Cola European Partners has a twelve month low of $41.67 and a twelve month high of $58.35. The firm has a market capitalization of $26.74 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.20 and a beta of 0.45. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 0.78.
About Coca-Cola European Partners
Coca-Cola European Partners plc, together with its subsidiaries, produces, markets, distributes, and sells a range of nonalcoholic ready-to-drink beverages. The company offers sparkling flavors, energy drinks, juices, isotonics, and other drinks, as well as water. It provides its products primarily under the Coca-Cola, Fanta, and Sprite brands, as well as Coca-Cola Zero Sugar, Mezzo Mix, Schweppes, Royal Bliss, Fïnle, Monster, GLACÉAU Smartwater, Vio, Chaudfontaine, Fuze Tea, Honest Coffee, Oasis, Capri-Sun, Honest, and Tropico brands.
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