Coca-Cola European Partners plc Forecasted to Earn Q1 2017 Earnings of $0.31 Per Share (CCE)
Coca-Cola European Partners plc (NYSE:CCE) – Investment analysts at Jefferies Group upped their Q1 2017 EPS estimates for Coca-Cola European Partners plc in a research note issued to investors on Tuesday. Jefferies Group analyst K. Grundy now expects that the company will post earnings per share of $0.31 for the quarter, up from their previous estimate of $0.29. Jefferies Group currently has a “Hold” rating and a $38.00 target price on the stock. Jefferies Group also issued estimates for Coca-Cola European Partners plc’s Q2 2017 earnings at $0.64 EPS, Q3 2017 earnings at $0.74 EPS, Q4 2017 earnings at $0.51 EPS, FY2017 earnings at $2.19 EPS, FY2018 earnings at $2.45 EPS and FY2019 earnings at $2.62 EPS.
Several other equities analysts also recently commented on the company. Barclays PLC reiterated a “buy” rating and issued a $42.00 price objective on shares of Coca-Cola European Partners plc in a research note on Friday, March 24th. Zacks Investment Research downgraded Coca-Cola European Partners plc from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. Argus started coverage on Coca-Cola European Partners plc in a research note on Tuesday, March 7th. They issued a “buy” rating and a $44.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on Coca-Cola European Partners plc in a research note on Monday, April 3rd. They issued a “neutral” rating on the stock. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $43.50.
Coca-Cola European Partners plc (NYSE:CCE) opened at 37.96 on Thursday. The company’s 50-day moving average price is $36.66 and its 200 day moving average price is $35.27. Coca-Cola European Partners plc has a 12 month low of $30.55 and a 12 month high of $54.37. The firm has a market capitalization of $18.34 billion, a PE ratio of 25.12 and a beta of 1.01.
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Coca-Cola European Partners plc (NYSE:CCE) last issued its quarterly earnings results on Tuesday, March 21st. The company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Coca-Cola European Partners plc had a return on equity of 21.76% and a net margin of 8.49%. The firm earned $2.58 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was up 58.2% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 24th. Shareholders of record on Monday, April 10th will be given a dividend of $0.2261 per share. This represents a $0.90 annualized dividend and a yield of 2.38%. This is a positive change from Coca-Cola European Partners plc’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, April 6th. Coca-Cola European Partners plc’s dividend payout ratio is presently 31.98%.
A number of hedge funds have recently bought and sold shares of the stock. Creative Planning raised its position in Coca-Cola European Partners plc by 61.1% in the first quarter. Creative Planning now owns 3,696 shares of the company’s stock worth $139,000 after buying an additional 1,402 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Coca-Cola European Partners plc during the third quarter worth approximately $155,000. Pinnacle Bank acquired a new stake in shares of Coca-Cola European Partners plc during the first quarter worth approximately $182,000. Meeder Asset Management Inc. raised its stake in shares of Coca-Cola European Partners plc by 19.0% in the third quarter. Meeder Asset Management Inc. now owns 4,917 shares of the company’s stock worth $196,000 after buying an additional 784 shares during the last quarter. Finally, Hallmark Capital Management Inc. acquired a new stake in shares of Coca-Cola European Partners plc during the third quarter worth approximately $212,000. Institutional investors and hedge funds own 31.73% of the company’s stock.
Coca-Cola European Partners plc 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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