Brokerages Anticipate Coca-Cola European Partners PLC (CCE) Will Announce Earnings of $0.54 Per Share

Analysts predict that Coca-Cola European Partners PLC (NYSE:CCE) will announce earnings of $0.54 per share for the current quarter, according to Zacks. Three analysts have made estimates for Coca-Cola European Partners’ earnings. The highest EPS estimate is $0.55 and the lowest is $0.53. Coca-Cola European Partners posted earnings per share of $0.46 in the same quarter last year, which indicates a positive year-over-year growth rate of 17.4%. The business is scheduled to announce its next earnings results on Tuesday, March 20th.

According to Zacks, analysts expect that Coca-Cola European Partners will report full year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.39 to $2.48. For the next financial year, analysts expect that the business will report earnings of $2.66 per share, with EPS estimates ranging from $2.63 to $2.69. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Coca-Cola European Partners.

Coca-Cola European Partners (NYSE:CCE) last posted its earnings results on Tuesday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. Coca-Cola European Partners had a net margin of 6.78% and a return on equity of 15.60%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share.

A number of equities research analysts recently weighed in on CCE shares. Susquehanna Bancshares set a $33.00 price objective on shares of Coca-Cola European Partners and gave the company a “sell” rating in a research note on Wednesday. Zacks Investment Research cut shares of Coca-Cola European Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 11th. Barclays set a $47.00 price objective on shares of Coca-Cola European Partners and gave the company a “buy” rating in a research note on Sunday, August 13th. UBS cut shares of Coca-Cola European Partners to a “neutral” rating in a research note on Monday, November 13th. Finally, Macquarie started coverage on shares of Coca-Cola European Partners in a research note on Thursday, September 14th. They set an “outperform” rating and a $46.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $44.88.

Shares of Coca-Cola European Partners (CCE) traded up $0.66 during midday trading on Friday, hitting $38.99. 11,689,000 shares of the company were exchanged, compared to its average volume of 1,325,753. Coca-Cola European Partners has a fifty-two week low of $30.55 and a fifty-two week high of $44.75. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $18,764.94, a PE ratio of 16.63, a P/E/G ratio of 2.05 and a beta of 0.94.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, November 17th. Coca-Cola European Partners’s payout ratio is currently 54.86%.

A number of large investors have recently added to or reduced their stakes in CCE. SG Americas Securities LLC acquired a new position in Coca-Cola European Partners during the second quarter worth about $120,000. Advisor Group Inc. grew its holdings in Coca-Cola European Partners by 35.5% during the second quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after acquiring an additional 939 shares during the period. Phocas Financial Corp. acquired a new position in Coca-Cola European Partners during the second quarter worth about $182,000. Shikiar Asset Management Inc. acquired a new position in Coca-Cola European Partners during the second quarter worth about $203,000. Finally, Koch Industries Inc. acquired a new position in Coca-Cola European Partners during the second quarter worth about $218,000. 29.35% of the stock is currently owned by hedge funds and other institutional investors.

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About Coca-Cola European Partners

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 (NYSE:CCE)

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