Brokerages predict that Coca-Cola European Partners PLC (NYSE:CCE) will post sales of $3.03 billion for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Coca-Cola European Partners PLC’s earnings. The highest sales estimate is $3.04 billion and the lowest is $3.02 billion. Coca-Cola European Partners PLC reported sales of $2.78 billion in the same quarter last year, which would suggest a positive year over year growth rate of 9%. The business is expected to report its next quarterly earnings report on Tuesday, March 20th.

On average, analysts expect that Coca-Cola European Partners PLC will report full year sales of $3.03 billion for the current year, with estimates ranging from $12.44 billion to $12.76 billion. For the next fiscal year, analysts anticipate that the business will report sales of $12.92 billion per share, with estimates ranging from $12.84 billion to $13.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Coca-Cola European Partners PLC.

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

CCE has been the topic of a number of recent analyst reports. Barclays PLC reissued a “buy” rating and issued a $46.00 price objective on shares of Coca-Cola European Partners PLC in a research note on Friday, July 21st. Zacks Investment Research lowered Coca-Cola European Partners PLC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 11th. Deutsche Bank AG lowered Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. UBS AG lowered Coca-Cola European Partners PLC to a “neutral” rating in a report on Monday. Finally, Macquarie assumed coverage on Coca-Cola European Partners PLC in a report on Thursday, September 14th. They issued an “outperform” rating and a $46.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $44.88.

A number of hedge funds have recently made changes to their positions in the stock. First Allied Advisory Services Inc. boosted its stake in Coca-Cola European Partners PLC by 0.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 10,196 shares of the company’s stock valued at $411,000 after buying an additional 30 shares in the last quarter. Keybank National Association OH boosted its stake in Coca-Cola European Partners PLC by 1.2% in the 2nd quarter. Keybank National Association OH now owns 6,958 shares of the company’s stock valued at $283,000 after buying an additional 83 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Coca-Cola European Partners PLC by 1.8% in the 2nd quarter. Raymond James Trust N.A. now owns 5,978 shares of the company’s stock valued at $243,000 after buying an additional 104 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Coca-Cola European Partners PLC by 2.3% in the 2nd quarter. Suntrust Banks Inc. now owns 8,894 shares of the company’s stock valued at $360,000 after buying an additional 204 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Coca-Cola European Partners PLC by 3.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 10,492 shares of the company’s stock valued at $427,000 after buying an additional 382 shares in the last quarter. 29.84% of the stock is currently owned by institutional investors and hedge funds.

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Coca-Cola European Partners PLC (NYSE:CCE) opened at $39.42 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.76. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $44.75. The firm has a market capitalization of $19,133.07, a P/E ratio of 16.95, a P/E/G ratio of 2.09 and a beta of 0.94.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Friday, November 17th. Coca-Cola European Partners PLC’s payout ratio is presently 57.14%.

About Coca-Cola European Partners PLC

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 PLC (NYSE:CCE)

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