Wall Street brokerages expect that Coca-Cola European Partners PLC (NYSE:CCE) will post sales of $3.53 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Coca-Cola European Partners PLC’s earnings, with the highest sales estimate coming in at $3.59 billion and the lowest estimate coming in at $3.49 billion. Coca-Cola European Partners PLC reported sales of $3.33 billion during the same quarter last year, which indicates a positive year over year growth rate of 6%. The business is expected to issue its next quarterly earnings results before the market opens on Tuesday, November 7th.

According to Zacks, analysts expect that Coca-Cola European Partners PLC will report full year sales of $3.53 billion for the current year, with estimates ranging from $12.44 billion to $13.10 billion. For the next fiscal year, analysts anticipate that the business will report sales of $13.12 billion per share, with estimates ranging from $12.84 billion to $13.39 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Coca-Cola European Partners PLC.

Coca-Cola European Partners PLC (NYSE:CCE) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.74 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the company earned $0.56 earnings per share.

Several research analysts have recently weighed in on CCE shares. Zacks Investment Research raised Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Monday, July 10th. BidaskClub raised Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Barclays PLC reissued a “buy” rating and issued a $46.00 price objective on shares of Coca-Cola European Partners PLC in a research report on Friday, July 21st. UBS AG reissued a “buy” rating and issued a $50.00 price objective (up from $46.00) on shares of Coca-Cola European Partners PLC in a research report on Monday, August 14th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $46.00 price objective (up from $44.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $45.63.

A number of institutional investors have recently modified their holdings of CCE. SG Americas Securities LLC bought a new stake in Coca-Cola European Partners PLC in the 2nd quarter valued at about $120,000. Advisor Group Inc. increased its holdings in Coca-Cola European Partners PLC by 35.5% during the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after purchasing an additional 939 shares in the last quarter. Phocas Financial Corp. bought a new stake in Coca-Cola European Partners PLC during the 2nd quarter worth approximately $182,000. Fulton Bank N.A. bought a new stake in Coca-Cola European Partners PLC during the 2nd quarter worth approximately $201,000. Finally, Shikiar Asset Management Inc. bought a new stake in Coca-Cola European Partners PLC during the 2nd quarter worth approximately $203,000. 29.69% of the stock is owned by institutional investors and hedge funds.

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Shares of Coca-Cola European Partners PLC (CCE) opened at 41.69 on Wednesday. The company has a market capitalization of $20.19 billion, a P/E ratio of 21.65 and a beta of 0.94. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $44.75. The firm has a 50 day moving average price of $41.64 and a 200 day moving average price of $41.22.

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

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