Wall Street analysts expect Coca-Cola European Partners plc (NYSE:CCE) to announce earnings of $0.39 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Coca-Cola European Partners’ earnings, with estimates ranging from $0.36 to $0.41. Coca-Cola European Partners posted earnings per share of $0.33 during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.2%. The business is expected to report its next earnings results before the market opens on Thursday, April 26th.
On average, analysts expect that Coca-Cola European Partners will report full year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $2.83. For the next financial year, analysts forecast that the firm will report earnings of $3.06 per share, with EPS estimates ranging from $3.00 to $3.10. Zacks’ EPS averages are an average based on a survey of research analysts that follow Coca-Cola European Partners.
Coca-Cola European Partners (NYSE:CCE) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.58 billion. Coca-Cola European Partners had a return on equity of 16.12% and a net margin of 5.91%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share.
CCE has been the topic of a number of recent research reports. ValuEngine raised Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Deutsche Bank lifted their target price on Coca-Cola European Partners from $43.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Zacks Investment Research raised Coca-Cola European Partners from a “sell” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, January 9th. Susquehanna Bancshares decreased their target price on Coca-Cola European Partners from $33.00 to $30.00 and set a “negative” rating on the stock in a research report on Monday, February 12th. Finally, Macquarie downgraded Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $43.38.
CCE stock opened at $41.66 on Friday. Coca-Cola European Partners has a twelve month low of $36.17 and a twelve month high of $44.75. The stock has a market cap of $20,179.33, a P/E ratio of 17.00, a PEG ratio of 2.06 and a beta of 0.74. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 1.01.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.32 per share. This is a boost from Coca-Cola European Partners’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, February 26th. This represents a $1.28 dividend on an annualized basis and a yield of 3.07%. Coca-Cola European Partners’s dividend payout ratio (DPR) is currently 53.56%.
A number of institutional investors and hedge funds have recently made changes to their positions in CCE. BlackRock Inc. lifted its stake in Coca-Cola European Partners by 122.8% during the fourth quarter. BlackRock Inc. now owns 4,204,170 shares of the company’s stock worth $167,539,000 after purchasing an additional 2,317,252 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Coca-Cola European Partners during the fourth quarter worth about $49,698,000. York Capital Management Global Advisors LLC bought a new position in Coca-Cola European Partners during the fourth quarter worth about $44,728,000. Boston Partners lifted its stake in Coca-Cola European Partners by 7.5% during the fourth quarter. Boston Partners now owns 11,303,329 shares of the company’s stock worth $450,438,000 after purchasing an additional 789,615 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Coca-Cola European Partners by 6.4% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,506,938 shares of the company’s stock worth $478,918,000 after purchasing an additional 692,923 shares during the period. Hedge funds and other institutional investors own 30.87% of the company’s stock.
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About Coca-Cola European Partners
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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