Equities analysts predict that Coca-Cola European Partners PLC (NYSE:CCE) will post $0.87 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Coca-Cola European Partners’ earnings. The highest EPS estimate is $0.90 and the lowest is $0.82. Coca-Cola European Partners posted earnings of $0.80 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, October 25th.
According to Zacks, analysts expect that Coca-Cola European Partners will report full-year earnings of $2.63 per share for the current fiscal year, with EPS estimates ranging from $2.61 to $2.66. For the next year, analysts forecast that the firm will report earnings of $2.86 per share, with EPS estimates ranging from $2.80 to $2.97. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Coca-Cola European Partners.
Coca-Cola European Partners (NYSE:CCE) last released its earnings results on Thursday, August 9th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. Coca-Cola European Partners had a net margin of 5.97% and a return on equity of 15.85%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS.
CCE has been the subject of several analyst reports. Wells Fargo & Co raised shares of Coca-Cola European Partners from a “market perform” rating to an “outperform” rating in a report on Friday, September 14th. Macquarie raised shares of Coca-Cola European Partners from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $48.00 in a report on Tuesday, September 4th. Susquehanna Bancshares raised shares of Coca-Cola European Partners from a “negative” rating to a “neutral” rating in a report on Friday, September 14th. Zacks Investment Research raised shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, ValuEngine raised shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $44.43.
Institutional investors and hedge funds have recently made changes to their positions in the business. Mount Yale Investment Advisors LLC purchased a new stake in Coca-Cola European Partners during the 1st quarter valued at approximately $108,000. Cerebellum GP LLC purchased a new stake in Coca-Cola European Partners during the 2nd quarter valued at approximately $180,000. Signaturefd LLC grew its holdings in Coca-Cola European Partners by 81.4% during the 2nd quarter. Signaturefd LLC now owns 4,570 shares of the company’s stock valued at $186,000 after buying an additional 2,051 shares in the last quarter. Fulton Bank N.A. purchased a new stake in Coca-Cola European Partners during the 3rd quarter valued at approximately $222,000. Finally, Bayesian Capital Management LP purchased a new stake in Coca-Cola European Partners during the 1st quarter valued at approximately $229,000. 31.15% of the stock is owned by institutional investors and hedge funds.
Coca-Cola European Partners stock traded up $0.50 during midday trading on Friday, hitting $43.12. The stock had a trading volume of 2,741,352 shares, compared to its average volume of 1,414,397. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 2.21 and a beta of 0.67. Coca-Cola European Partners has a 52-week low of $36.17 and a 52-week high of $46.16. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 0.77.
About Coca-Cola European Partners
Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLACÉAU Smartwater brands.
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