Analysts expect Coca-Cola European Partners PLC (NYSE:CCEP) to report earnings of $0.87 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Coca-Cola European Partners’ earnings. The highest EPS estimate is $0.90 and the lowest is $0.83. Coca-Cola European Partners posted earnings per share of $0.80 in the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The firm is scheduled to report its next earnings results on Thursday, August 15th.

According to Zacks, analysts expect that Coca-Cola European Partners will report full-year earnings of $2.80 per share for the current fiscal year, with EPS estimates ranging from $2.54 to $2.92. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.06 per share, with EPS estimates ranging from $2.74 to $3.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Coca-Cola European Partners.

A number of brokerages have weighed in on CCEP. ABN Amro upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley downgraded Coca-Cola European Partners from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 12th. They noted that the move was a valuation call. Zacks Investment Research downgraded Coca-Cola European Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. ValuEngine downgraded Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Evercore ISI reiterated a “buy” rating and issued a $60.00 target price on shares of Coca-Cola European Partners in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Coca-Cola European Partners presently has a consensus rating of “Hold” and a consensus target price of $54.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Enterprise Financial Services Corp purchased a new position in shares of Coca-Cola European Partners during the second quarter valued at approximately $25,000. FTB Advisors Inc. purchased a new position in Coca-Cola European Partners in the second quarter worth $25,000. Zions Bancorporation N.A. purchased a new position in Coca-Cola European Partners in the second quarter worth $26,000. SevenBridge Financial Group LLC purchased a new position in Coca-Cola European Partners in the second quarter worth $26,000. Finally, Lenox Wealth Management Inc. purchased a new position in Coca-Cola European Partners in the second quarter worth $29,000. Hedge funds and other institutional investors own 30.47% of the company’s stock.

CCEP stock traded up $0.78 during mid-day trading on Friday, reaching $54.45. The company’s stock had a trading volume of 31,603 shares, compared to its average volume of 1,019,144. The company has a market capitalization of $26.74 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 2.20 and a beta of 0.45. The business’s 50 day moving average price is $56.48. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.61 and a current ratio of 0.79. Coca-Cola European Partners has a 12 month low of $41.67 and a 12 month high of $58.35.

About Coca-Cola European Partners

Coca-Cola European Partners plc, together with its subsidiaries, produces, markets, distributes, and sells a range of nonalcoholic ready-to-drink beverages. The company offers sparkling flavors, energy drinks, juices, isotonics, and other drinks, as well as water. It provides its products primarily under the Coca-Cola, Fanta, and Sprite brands, as well as Coca-Cola Zero Sugar, Mezzo Mix, Schweppes, Royal Bliss, Fïnle, Monster, GLACÉAU Smartwater, Vio, Chaudfontaine, Fuze Tea, Honest Coffee, Oasis, Capri-Sun, Honest, and Tropico brands.

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