Coca-Cola Enterprises (CCE) Set to Announce Earnings on Thursday
Coca-Cola Enterprises (NYSE:CCE) is scheduled to be releasing its Q313 earnings data on Thursday, October 24th. Analysts expect Coca-Cola Enterprises to post earnings of $0.79 per share and revenue of $2.14 billion for the quarter. Coca-Cola Enterprises has set its FY13 guidance at $2.45-2.50 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Coca-Cola Enterprises (NYSE:CCE) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts expect Coca-Cola Enterprises to post $2.49 EPS for the current fiscal year and $2.84 EPS for the next fiscal year.
Coca-Cola Enterprises (NYSE:CCE) opened at 42.78 on Wednesday. Coca-Cola Enterprises has a 1-year low of $28.82 and a 1-year high of $39.94. The stock’s 50-day moving average is $38.09 and its 200-day moving average is $36.98. The company has a market cap of $11.437 billion and a price-to-earnings ratio of 19.94.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 5th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.87%.
A number of research firms have recently commented on CCE. Analysts at Deutsche Bank raised their price target on shares of Coca-Cola Enterprises from $40.00 to $45.00 in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. On a related note, analysts at Argus raised their price target on shares of Coca-Cola Enterprises from $42.00 to $46.00 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola Enterprises in a research note to investors on Wednesday, September 11th. They now have a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $43.30.
Coca-Cola Enterprises, Inc (NYSE:CCE) markets, produces, and distributes nonalcoholic beverages.
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