Equities research analysts expect Coca-Cola European Partners PLC (NYSE:CCE) to announce sales of $3.01 billion for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Coca-Cola European Partners’ earnings, with the lowest sales estimate coming in at $2.98 billion and the highest estimate coming in at $3.02 billion. Coca-Cola European Partners reported sales of $2.78 billion during the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The firm is scheduled to report its next quarterly earnings results on Tuesday, March 20th.

On average, analysts expect that Coca-Cola European Partners will report full year sales of $3.01 billion for the current year, with estimates ranging from $12.33 billion to $12.76 billion. For the next year, analysts forecast that the firm will post sales of $12.85 billion per share, with estimates ranging from $12.63 billion to $13.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Coca-Cola European Partners.

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

A number of research analysts recently issued reports on the company. UBS restated a “buy” rating and set a $50.00 price objective (up previously from $46.00) on shares of Coca-Cola European Partners in a research report on Monday, August 14th. Barclays set a $47.00 price objective on Coca-Cola European Partners and gave the company a “buy” rating in a research report on Sunday, August 13th. Deutsche Bank restated a “hold” rating and set a $46.00 price objective (up previously from $44.00) on shares of Coca-Cola European Partners in a research report on Friday, August 11th. Susquehanna Bancshares restated a “hold” rating on shares of Coca-Cola European Partners in a research report on Thursday, August 10th. Finally, BidaskClub lowered Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.88.

A number of hedge funds have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Coca-Cola European Partners by 6.4% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,506,938 shares of the company’s stock worth $478,918,000 after acquiring an additional 692,923 shares during the period. Independent Advisor Alliance acquired a new position in Coca-Cola European Partners during the 3rd quarter worth $318,000. Dana Investment Advisors Inc. acquired a new position in Coca-Cola European Partners during the 3rd quarter worth $3,884,000. Neuberger Berman Group LLC boosted its position in Coca-Cola European Partners by 130.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 24,188 shares of the company’s stock worth $1,007,000 after acquiring an additional 13,696 shares during the period. Finally, California Public Employees Retirement System boosted its position in Coca-Cola European Partners by 4.1% during the 3rd quarter. California Public Employees Retirement System now owns 406,513 shares of the company’s stock worth $16,919,000 after acquiring an additional 16,097 shares during the period. Institutional investors own 29.35% of the company’s stock.

Coca-Cola European Partners (CCE) opened at $39.75 on Friday. Coca-Cola European Partners has a 12-month low of $30.55 and a 12-month high of $44.75. The stock has a market capitalization of $19,254.18, a P/E ratio of 17.06, a P/E/G ratio of 2.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 0.95.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.96 dividend on an annualized basis and a yield of 2.42%. Coca-Cola European Partners’s dividend payout ratio (DPR) is presently 54.86%.

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Coca-Cola European Partners 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 (NYSE:CCE)

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