Wall Street analysts expect Coca-Cola European Partners PLC (NYSE:CCE) to report earnings of $0.79 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Coca-Cola European Partners PLC’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.78. Coca-Cola European Partners PLC reported earnings of $0.74 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The business is expected to report its next quarterly earnings results on Thursday, November 9th.

On average, analysts expect that Coca-Cola European Partners PLC will report full year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.42 to $2.55. For the next fiscal year, analysts forecast that the company will report earnings of $2.75 per share, with EPS estimates ranging from $2.70 to $2.83. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Coca-Cola European Partners PLC.

Coca-Cola European Partners PLC (NYSE:CCE) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.10. Coca-Cola European Partners PLC had a return on equity of 15.52% and a net margin of 6.93%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the company earned $0.56 earnings per share.

A number of equities research analysts have commented on the stock. Barclays PLC set a $47.00 target price on shares of Coca-Cola European Partners PLC and gave the stock a “buy” rating in a research report on Sunday, August 13th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $46.00 target price (up previously from $44.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, August 11th. BidaskClub raised shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Coca-Cola European Partners PLC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 11th. Finally, Macquarie assumed coverage on shares of Coca-Cola European Partners PLC in a research report on Thursday. They issued an “outperform” rating and a $46.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Coca-Cola European Partners PLC currently has an average rating of “Hold” and a consensus target price of $45.22.

Coca-Cola European Partners PLC (NYSE:CCE) opened at 41.48 on Friday. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $44.75. The company has a market capitalization of $20.09 billion, a price-to-earnings ratio of 21.64 and a beta of 0.96. The firm’s 50-day moving average price is $43.15 and its 200 day moving average price is $40.18.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 28th were given a dividend of $0.25 per share. This is an increase from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. Coca-Cola European Partners PLC’s payout ratio is presently 56.50%.

Several hedge funds have recently modified their holdings of CCE. First Eagle Investment Management LLC grew its position in shares of Coca-Cola European Partners PLC by 95.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 5,561,886 shares of the company’s stock valued at $226,202,000 after acquiring an additional 2,716,394 shares during the period. Glenview Capital Management LLC grew its position in shares of Coca-Cola European Partners PLC by 114.5% during the 1st quarter. Glenview Capital Management LLC now owns 4,321,074 shares of the company’s stock valued at $162,861,000 after acquiring an additional 2,307,013 shares during the period. Artisan Partners Limited Partnership grew its position in shares of Coca-Cola European Partners PLC by 13.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 16,633,760 shares of the company’s stock valued at $676,495,000 after acquiring an additional 2,006,947 shares during the period. Capital World Investors grew its position in shares of Coca-Cola European Partners PLC by 6.8% during the 2nd quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock valued at $898,148,000 after acquiring an additional 1,398,929 shares during the period. Finally, Kingdon Capital Management L.L.C. grew its position in shares of Coca-Cola European Partners PLC by 225.0% during the 2nd quarter. Kingdon Capital Management L.L.C. now owns 1,334,398 shares of the company’s stock valued at $54,270,000 after acquiring an additional 923,797 shares during the period. 29.74% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/16/coca-cola-european-partners-plc-cce-expected-to-post-earnings-of-0-79-per-share.html.

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.

Get a free copy of the Zacks research report on Coca-Cola European Partners PLC (CCE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Coca-Cola European Partners PLC (NYSE:CCE)

Receive News & Ratings for Coca-Cola European Partners PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners PLC and related companies with MarketBeat.com's FREE daily email newsletter.