Analysts expect Coca-Cola European Partners PLC (NYSE:CCE) to report $0.79 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Coca-Cola European Partners PLC’s earnings, with estimates ranging from $0.78 to $0.81. Coca-Cola European Partners PLC posted earnings per share of $0.74 in the same quarter last year, which indicates a positive year-over-year growth rate of 6.8%. The company is scheduled to report its next quarterly earnings report on Thursday, November 9th.

According to Zacks, analysts expect that Coca-Cola European Partners PLC will report full year earnings of $2.49 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.55. For the next fiscal year, analysts forecast that the business will post earnings of $2.75 per share, with EPS estimates ranging from $2.70 to $2.83. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.10. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.77 billion. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.52%. During the same quarter in the previous year, the firm posted $0.56 earnings per share.

Several research firms recently issued reports on CCE. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Coca-Cola European Partners PLC in a research report on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and issued a $45.00 price target on shares of Coca-Cola European Partners PLC in a research report on Thursday, September 14th. Zacks Investment Research raised shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Monday, July 10th. Deutsche Bank AG reissued a “hold” rating and issued a $46.00 price target (up previously from $44.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, August 11th. Finally, 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $45.22.

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Shares of Coca-Cola European Partners PLC (NYSE CCE) opened at 41.34 on Thursday. Coca-Cola European Partners PLC has a 12 month low of $30.55 and a 12 month high of $44.75. The company has a market cap of $20.02 billion, a price-to-earnings ratio of 21.46 and a beta of 0.94. The stock has a 50 day moving average of $42.28 and a 200-day moving average of $40.75.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 28th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. This is an increase from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 24th. Coca-Cola European Partners PLC’s payout ratio is currently 56.50%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCE. Comerica Bank bought a new stake in shares of Coca-Cola European Partners PLC during the 1st quarter worth $565,000. Oxford Asset Management bought a new stake in shares of Coca-Cola European Partners PLC during the 1st quarter worth $779,000. Envestnet Asset Management Inc. raised its stake in shares of Coca-Cola European Partners PLC by 94.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 36,904 shares of the company’s stock worth $1,388,000 after purchasing an additional 17,955 shares during the period. Victory Capital Management Inc. raised its stake in shares of Coca-Cola European Partners PLC by 88.9% during the 1st quarter. Victory Capital Management Inc. now owns 13,468 shares of the company’s stock worth $508,000 after purchasing an additional 6,338 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in shares of Coca-Cola European Partners PLC by 6.2% during the 1st quarter. Neuberger Berman Group LLC now owns 10,110 shares of the company’s stock worth $381,000 after purchasing an additional 587 shares during the period. Institutional investors own 29.63% of the company’s stock.

About Coca-Cola European Partners PLC

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

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