Coca-Cola European Partners (NYSE:CCE) posted its quarterly earnings results on Thursday. The company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03, Morningstar.com reports. Coca-Cola European Partners had a return on equity of 15.60% and a net margin of 6.78%. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year.
Shares of Coca-Cola European Partners (NYSE CCE) opened at $39.22 on Friday. The stock has a market capitalization of $18,028.68, a P/E ratio of 22.25, a PEG ratio of 1.77 and a beta of 0.82. Coca-Cola European Partners has a twelve month low of $34.36 and a twelve month 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.
CCE has been the topic of a number of research analyst reports. Zacks Investment Research cut Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Susquehanna Bancshares set a $33.00 price target on Coca-Cola European Partners and gave the stock a “sell” rating in a report on Wednesday, November 29th. Macquarie cut Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price target on the stock. in a report on Friday, January 5th. Deutsche Bank initiated coverage on Coca-Cola European Partners in a report on Wednesday, December 13th. They issued a “buy” rating and a $43.00 price target on the stock. Finally, UBS Group cut Coca-Cola European Partners to a “neutral” rating in a report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $43.00.
ILLEGAL ACTIVITY NOTICE: This article was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/02/15/coca-cola-european-partners-cce-announces-earnings-results.html.
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.
Receive News & Ratings for Coca-Cola European Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners and related companies with MarketBeat.com's FREE daily email newsletter.