Equities analysts expect Coca-Cola European Partners plc (NYSE:CCE) to post sales of $3.01 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Coca-Cola European Partners’ earnings, with estimates ranging from $2.98 billion to $3.02 billion. Coca-Cola European Partners reported sales of $2.78 billion in the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The company is scheduled to report its next earnings report on Tuesday, March 20th.

According to Zacks, analysts expect that Coca-Cola European Partners will report full year sales of $3.01 billion for the current year, with estimates ranging from $12.33 billion to $12.76 billion. For the next year, analysts expect that the business will post sales of $12.85 billion per share, with estimates ranging from $12.63 billion to $13.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Coca-Cola European Partners.

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

CCE has been the subject of several recent research reports. Susquehanna Bancshares set a $33.00 price target on Coca-Cola European Partners and gave the company a “sell” rating in a research report on Wednesday, November 29th. Zacks Investment Research cut Coca-Cola European Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 11th. Deutsche Bank assumed coverage on Coca-Cola European Partners in a research report on Wednesday, December 13th. They issued a “buy” rating and a $43.00 price target for the company. UBS lowered Coca-Cola European Partners to a “neutral” rating in a research note on Monday, November 13th. Finally, Macquarie assumed coverage on Coca-Cola European Partners in a research note on Thursday, September 14th. They set an “outperform” rating and a $46.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $44.50.

A number of large investors have recently bought and sold shares of the stock. Capital World Investors lifted its stake in Coca-Cola European Partners by 6.8% during the second quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock worth $898,148,000 after purchasing an additional 1,398,929 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Coca-Cola European Partners by 0.8% during the third quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock worth $698,088,000 after purchasing an additional 139,127 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Coca-Cola European Partners by 6.4% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,506,938 shares of the company’s stock worth $478,918,000 after purchasing an additional 692,923 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Coca-Cola European Partners by 14.6% during the third quarter. First Eagle Investment Management LLC now owns 6,373,721 shares of the company’s stock worth $265,274,000 after purchasing an additional 811,835 shares during the last quarter. Finally, FMR LLC lifted its stake in Coca-Cola European Partners by 1.2% during the second quarter. FMR LLC now owns 5,029,177 shares of the company’s stock worth $204,506,000 after purchasing an additional 60,036 shares during the last quarter. 29.33% of the stock is owned by institutional investors.

Coca-Cola European Partners (NYSE:CCE) opened at $39.47 on Thursday. The firm has a market capitalization of $19,070.10, a price-to-earnings ratio of 16.90, a PEG ratio of 2.08 and a beta of 0.91. Coca-Cola European Partners has a 52-week low of $31.09 and a 52-week high of $44.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.95 and a quick ratio of 0.76.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 20th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Friday, November 17th. Coca-Cola European Partners’s dividend payout ratio is 54.86%.

TRADEMARK VIOLATION NOTICE: “Brokerages Anticipate Coca-Cola European Partners plc (CCE) Will Post Quarterly Sales of $3.01 Billion” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2017/12/21/brokerages-anticipate-coca-cola-european-partners-plc-cce-will-post-quarterly-sales-of-3-01-billion.html.

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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