Analysts Expect Coca-Cola European Partners PLC (NYSE:CCEP) Will Post Quarterly Sales of $3.60 Billion
Brokerages predict that Coca-Cola European Partners PLC (NYSE:CCEP) will report $3.60 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Coca-Cola European Partners’ earnings. The highest sales estimate is $3.67 billion and the lowest is $3.54 billion. Coca-Cola European Partners posted sales of $3.65 billion in the same quarter last year, which would indicate a negative year over year growth rate of 1.4%. The firm is expected to issue its next earnings report on Thursday, August 22nd.
On average, analysts expect that Coca-Cola European Partners will report full-year sales of $13.38 billion for the current financial year, with estimates ranging from $13.34 billion to $13.41 billion. For the next year, analysts expect that the business will post sales of $13.76 billion, with estimates ranging from $13.73 billion to $13.83 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Coca-Cola European Partners.
CCEP has been the topic of a number of recent research reports. Morgan Stanley lowered shares of Coca-Cola European Partners from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 12th. They noted that the move was a valuation call. ValuEngine lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays set a $60.00 price objective on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a research note on Friday, August 9th. ABN Amro upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Investment Research downgraded shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $54.00.
NYSE:CCEP traded up $0.95 during mid-day trading on Monday, reaching $55.10. 1,097,700 shares of the company’s stock were exchanged, compared to its average volume of 1,061,635. Coca-Cola European Partners has a one year low of $41.67 and a one year high of $58.35. The firm has a market capitalization of $26.00 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.14 and a beta of 0.45. The business’s fifty day simple moving average is $56.44 and its two-hundred day simple moving average is $53.14. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.61 and a current ratio of 0.84.
Coca-Cola European Partners Company Profile
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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