Equities analysts expect Coca-Cola European Partners plc (NYSE:CCE) to report sales of $3.06 billion for the current quarter, Zacks reports. Four analysts have issued estimates for Coca-Cola European Partners’ earnings, with the lowest sales estimate coming in at $2.98 billion and the highest estimate coming in at $3.13 billion. Coca-Cola European Partners reported sales of $2.78 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.1%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, February 15th.
According to Zacks, analysts expect that Coca-Cola European Partners will report full-year sales of $3.06 billion for the current fiscal year, with estimates ranging from $12.33 billion to $13.38 billion. For the next year, analysts forecast that the business will report sales of $13.08 billion per share, with estimates ranging from $12.63 billion to $13.48 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Coca-Cola European Partners.
Several research analysts recently commented on the company. Zacks Investment Research cut Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. 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 note on Friday, January 5th. Susquehanna Bancshares cut Coca-Cola European Partners from a “neutral” rating to a “neutral” rating and lowered their target price for the stock from $38.00 to $33.00 in a research note on Monday, November 13th. UBS Group cut Coca-Cola European Partners to a “neutral” rating in a research note on Monday, November 13th. Finally, Deutsche Bank assumed coverage on Coca-Cola European Partners in a research note on Wednesday, December 13th. They set a “buy” rating and a $43.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Coca-Cola European Partners presently has an average rating of “Hold” and an average target price of $43.00.
Coca-Cola European Partners (CCE) traded up $0.02 on Friday, reaching $37.40. The company had a trading volume of 1,403,935 shares, compared to its average volume of 1,821,951. Coca-Cola European Partners has a 1 year low of $34.36 and a 1 year high of $44.75. The firm has a market cap of $18,110.00, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.95 and a quick ratio of 0.76.
Several large investors have recently added to or reduced their stakes in CCE. Advisor Group Inc. boosted its position in shares of Coca-Cola European Partners by 35.5% during the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after acquiring an additional 939 shares in the last quarter. Phocas Financial Corp. acquired a new position in shares of Coca-Cola European Partners during the 2nd quarter worth about $182,000. Koch Industries Inc. acquired a new position in shares of Coca-Cola European Partners during the 2nd quarter worth about $218,000. ETRADE Capital Management LLC acquired a new position in shares of Coca-Cola European Partners during the 4th quarter worth about $234,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Coca-Cola European Partners during the 2nd quarter worth about $238,000. 28.32% of the stock is owned by institutional investors and hedge funds.
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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