Coca-Cola European Partners plc (NYSE:CCE) – Equities researchers at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Coca-Cola European Partners in a research report issued on Tuesday. Jefferies Group analyst K. Grundy forecasts that the company will post earnings of $0.36 per share for the quarter. Jefferies Group also issued estimates for Coca-Cola European Partners’ Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $0.95 EPS, Q4 2018 earnings at $0.66 EPS and FY2020 earnings at $3.24 EPS.
Coca-Cola European Partners (NYSE:CCE) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Coca-Cola European Partners had a return on equity of 16.37% and a net margin of 5.91%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS.
A number of other brokerages have also recently issued reports on CCE. Zacks Investment Research cut Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares set a $33.00 target price on Coca-Cola European Partners and gave the company a “sell” rating in a research report on Wednesday, November 29th. Deutsche Bank upped their target price on Coca-Cola European Partners from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Macquarie cut Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 target price for the company. in a research report on Friday, January 5th. Finally, UBS Group cut Coca-Cola European Partners to a “neutral” rating in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Coca-Cola European Partners has a consensus rating of “Hold” and a consensus price target of $43.38.
Shares of Coca-Cola European Partners (NYSE:CCE) opened at $37.76 on Wednesday. The stock has a market capitalization of $18,653.53, a PE ratio of 24.05, a P/E/G ratio of 1.80 and a beta of 0.82. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.95 and a quick ratio of 0.76. Coca-Cola European Partners has a 1 year low of $34.36 and a 1 year high of $44.75.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.39%. This is a boost from Coca-Cola European Partners’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 26th. Coca-Cola European Partners’s dividend payout ratio (DPR) is presently 61.15%.
A number of institutional investors have recently bought and sold shares of the business. Artisan Partners Limited Partnership lifted its position in Coca-Cola European Partners by 0.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock worth $698,088,000 after acquiring an additional 139,127 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted 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. Boston Partners lifted its position in Coca-Cola European Partners by 7.5% during the 4th quarter. Boston Partners now owns 11,303,329 shares of the company’s stock worth $450,438,000 after acquiring an additional 789,615 shares during the period. First Eagle Investment Management LLC lifted its position in Coca-Cola European Partners by 14.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,373,721 shares of the company’s stock worth $265,274,000 after acquiring an additional 811,835 shares during the period. Finally, BlackRock Inc. lifted its position in Coca-Cola European Partners by 122.8% during the 4th quarter. BlackRock Inc. now owns 4,204,170 shares of the company’s stock worth $167,539,000 after acquiring an additional 2,317,252 shares during the period. 29.14% of the stock is owned by institutional investors.
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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