Coca-Cola European Partners PLC (CCEP) Expected to Announce Quarterly Sales of $3.24 Billion

Wall Street brokerages predict that Coca-Cola European Partners PLC (NYSE:CCEP) will announce $3.24 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Coca-Cola European Partners’ earnings. The highest sales estimate is $3.35 billion and the lowest is $3.15 billion. Coca-Cola European Partners posted sales of $3.14 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The firm is scheduled to report its next earnings report on Thursday, February 21st.

According to Zacks, analysts expect that Coca-Cola European Partners will report full-year sales of $13.21 billion for the current fiscal year, with estimates ranging from $13.10 billion to $13.31 billion. For the next year, analysts anticipate that the firm will report sales of $13.64 billion, with estimates ranging from $13.41 billion to $13.79 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Coca-Cola European Partners.

Shares of NYSE CCEP opened at $47.95 on Friday. Coca-Cola European Partners has a 52-week low of $36.17 and a 52-week high of $48.00.

The company also recently disclosed a dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Friday, November 9th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, November 8th.

About Coca-Cola European Partners

Coca-Cola European Partners Plc engages in the distribution and sale of ready-to-drink beverages. IT operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas.

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