$0.54 EPS Expected for Coca-Cola European Partners plc (CCE) This Quarter

Brokerages predict that Coca-Cola European Partners plc (NYSE:CCE) will report earnings of $0.54 per share for the current quarter, according to Zacks. Three analysts have made estimates for Coca-Cola European Partners’ earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.53. Coca-Cola European Partners posted earnings of $0.46 per share during the same quarter last year, which would suggest a positive year over year growth rate of 17.4%. The firm is expected 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 fiscal year, with EPS estimates ranging from $2.39 to $2.48. For the next fiscal 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 Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Coca-Cola European Partners.

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

Several research firms have recently commented on CCE. Deutsche Bank began coverage on shares of Coca-Cola European Partners in a research report on Wednesday, December 13th. They issued a “buy” rating and a $43.00 target price for the company. Susquehanna Bancshares set a $33.00 target price on shares of Coca-Cola European Partners and gave the stock a “sell” rating in a research report on Wednesday, November 29th. UBS Group lowered shares of Coca-Cola European Partners to a “neutral” rating in a research note on Monday, November 13th. Zacks Investment Research upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Macquarie initiated coverage on shares of Coca-Cola European Partners in a research note on Thursday, September 14th. They issued an “outperform” rating and a $46.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $44.50.

Coca-Cola European Partners (CCE) traded up $0.31 during trading hours on Thursday, hitting $39.70. 850,300 shares of the stock traded hands, compared to its average volume of 818,067. Coca-Cola European Partners has a 12-month low of $31.44 and a 12-month high of $44.75. 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 stock has a market cap of $19,234.79, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91.

Several institutional investors have recently modified their holdings of CCE. SG Americas Securities LLC bought a new position in shares of Coca-Cola European Partners in the 2nd quarter worth about $120,000. Advisor Group Inc. increased its stake in Coca-Cola European Partners by 35.5% during the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock valued at $132,000 after purchasing an additional 939 shares in the last quarter. Phocas Financial Corp. bought a new stake in Coca-Cola European Partners during the 2nd quarter valued at about $182,000. Koch Industries Inc. bought a new stake in Coca-Cola European Partners during the 2nd quarter valued at about $218,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Coca-Cola European Partners during the 2nd quarter valued at about $238,000. Institutional investors own 29.33% of the company’s stock.

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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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