Brokerages Expect Coca-Cola European Partners plc (CCE) Will Announce Quarterly Sales of $3.02 Billion

Equities research analysts predict that Coca-Cola European Partners plc (NYSE:CCE) will announce sales of $3.02 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Coca-Cola European Partners’ earnings, with estimates ranging from $3.00 billion to $3.05 billion. Coca-Cola European Partners posted sales of $2.54 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.9%. The business is scheduled to issue its next quarterly earnings results before the market opens on Thursday, April 26th.

On average, analysts expect that Coca-Cola European Partners will report full-year sales of $3.02 billion for the current financial year, with estimates ranging from $14.09 billion to $14.38 billion. For the next year, analysts forecast that the business will report sales of $14.64 billion per share, with estimates ranging from $14.52 billion to $14.74 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Coca-Cola European Partners.

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Coca-Cola European Partners (NYSE:CCE) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $2.66 billion during 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%. Coca-Cola European Partners’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS.

CCE has been the subject of several analyst reports. Zacks Investment Research downgraded Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. ValuEngine upgraded Coca-Cola European Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Macquarie downgraded Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price objective for the company. in a report on Friday, January 5th. Deutsche Bank assumed coverage on Coca-Cola European Partners in a report on Wednesday, December 13th. They set a “buy” rating and a $43.00 price objective for the company. Finally, Susquehanna Bancshares dropped their price objective on Coca-Cola European Partners from $33.00 to $30.00 and set a “negative” rating for the company in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $43.38.

Hedge funds have recently added to or reduced their stakes in the company. ETRADE Capital Management LLC acquired a new stake in shares of Coca-Cola European Partners during the 4th quarter worth $234,000. BB&T Securities LLC purchased a new stake in Coca-Cola European Partners during the 3rd quarter worth $239,000. LMR Partners LLP purchased a new stake in Coca-Cola European Partners during the 4th quarter worth $241,000. 180 Wealth Advisors LLC purchased a new stake in Coca-Cola European Partners during the 4th quarter worth $244,000. Finally, Rothschild Investment Corp IL purchased a new stake in Coca-Cola European Partners during the 4th quarter worth $245,000. Institutional investors and hedge funds own 30.87% of the company’s stock.

CCE traded up $0.03 during trading on Friday, hitting $41.73. The company’s stock had a trading volume of 788,224 shares, compared to its average volume of 1,606,226. 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 company has a market capitalization of $20,092.14, a PE ratio of 17.41, a price-to-earnings-growth ratio of 2.05 and a beta of 0.74. Coca-Cola European Partners has a twelve month low of $36.17 and a twelve month high of $44.75.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.07%. This is an increase from Coca-Cola European Partners’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, February 26th. Coca-Cola European Partners’s dividend payout ratio is presently 53.56%.

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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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Earnings History and Estimates for Coca-Cola European Partners (NYSE:CCE)

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