Equities research analysts expect that Coca-Cola European Partners plc (NYSE:CCE) will announce earnings per share of $0.55 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Coca-Cola European Partners’ earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.53. Coca-Cola European Partners reported earnings per share of $0.46 in the same quarter last year, which suggests a positive year over year growth rate of 19.6%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 15th.

According to Zacks, analysts expect that Coca-Cola European Partners will report full-year earnings of $2.51 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.59. For the next financial year, analysts anticipate that the business will post earnings of $2.72 per share, with EPS estimates ranging from $2.63 to $2.78. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Coca-Cola European Partners.

Coca-Cola European Partners (NYSE:CCE) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. Coca-Cola European Partners had a net margin of 6.78% and a return on equity of 15.60%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS.

A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Macquarie cut shares of 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 shares of Coca-Cola European Partners in a report on Wednesday, December 13th. They issued a “buy” rating and a $43.00 price objective for the company. Susquehanna Bancshares set a $33.00 price objective on shares of Coca-Cola European Partners and gave the company a “sell” rating in a report on Wednesday, November 29th. Finally, UBS Group cut shares of Coca-Cola European Partners to a “neutral” rating in a report on Monday, November 13th. 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 has an average rating of “Hold” and a consensus price target of $43.38.

Institutional investors have recently modified their holdings of the stock. Advisor Group Inc. lifted its stake in Coca-Cola European Partners by 35.5% in the second quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after acquiring an additional 939 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Coca-Cola European Partners by 0.8% in the third quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock worth $698,088,000 after acquiring an additional 139,127 shares during the last quarter. Stifel Financial Corp lifted its stake in Coca-Cola European Partners by 93.9% in the third quarter. Stifel Financial Corp now owns 31,471 shares of the company’s stock worth $1,302,000 after acquiring an additional 15,241 shares during the last quarter. Davidson Kempner Capital Management LP purchased a new position in Coca-Cola European Partners in the third quarter worth approximately $2,539,000. Finally, Macquarie Group Ltd. purchased a new position in Coca-Cola European Partners in the third quarter worth approximately $256,000. Institutional investors own 29.25% of the company’s stock.

Shares of Coca-Cola European Partners (NYSE:CCE) traded down $0.37 during mid-day trading on Thursday, hitting $37.21. 2,350,000 shares of the company were exchanged, compared to its average volume of 1,927,979. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $18,023.85, a PE ratio of 21.26, a P/E/G ratio of 1.77 and a beta of 0.82. Coca-Cola European Partners has a 52-week low of $34.36 and a 52-week high of $44.75.

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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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