Analysts expect that Coca-Cola European Partners plc (NYSE:CCE) will report $0.52 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Coca-Cola European Partners’ earnings. The highest EPS estimate is $0.53 and the lowest is $0.47. Coca-Cola European Partners posted earnings per share of $0.46 during the same quarter last year, which indicates a positive year over year growth rate of 13%. The company is scheduled to issue 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 financial year, analysts anticipate that the business will report earnings of $2.66 per share, with EPS estimates ranging from $2.63 to $2.69. Zacks’ EPS averages are an average based on a survey of sell-side 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 Zacks’ 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 firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis.
A number of analysts have recently commented on the company. Jefferies Group reiterated a “hold” rating and set a $45.00 target price on shares of Coca-Cola European Partners in a research report on Thursday, September 14th. Zacks Investment Research cut Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Susquehanna Bancshares set a $33.00 target price on Coca-Cola European Partners and gave the stock a “sell” rating in a research report on Wednesday, November 29th. UBS Group cut Coca-Cola European Partners to a “neutral” rating in a research report on Monday, November 13th. Finally, Macquarie lowered Coca-Cola European Partners from an “outperform” rating to a “neutral” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Coca-Cola European Partners presently has an average rating of “Hold” and an average price target of $44.50.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Coca-Cola European Partners during the second quarter worth about $120,000. Advisor Group Inc. grew its holdings in shares of Coca-Cola European Partners by 35.5% during the second quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after buying an additional 939 shares during the last quarter. Phocas Financial Corp. purchased a new position in shares of Coca-Cola European Partners during the second quarter worth about $182,000. BB&T Securities LLC purchased a new position in shares of Coca-Cola European Partners during the third quarter worth about $239,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Coca-Cola European Partners during the second quarter worth about $238,000. 29.33% of the stock is currently owned by hedge funds and other institutional investors.
Coca-Cola European Partners (NYSE:CCE) traded down $0.69 on Thursday, hitting $39.01. The stock had a trading volume of 1,382,823 shares, compared to its average volume of 914,838. 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 twelve month low of $31.44 and a twelve month high of $44.75. The firm has a market capitalization of $18,895.74, a PE ratio of 16.74, a P/E/G ratio of 1.90 and a beta of 0.91.
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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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