Coca-Cola European Partners PLC (NYSE:CCE) – Equities research analysts at Jefferies Financial Group cut their FY2018 earnings per share (EPS) estimates for Coca-Cola European Partners in a research note issued on Thursday, August 9th. Jefferies Financial Group analyst K. Grundy now expects that the company will earn $2.64 per share for the year, down from their previous estimate of $2.69. Jefferies Financial Group has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for Coca-Cola European Partners’ FY2019 earnings at $2.84 EPS and FY2020 earnings at $3.04 EPS.

Coca-Cola European Partners (NYSE:CCE) last released its earnings results on Thursday, August 9th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Coca-Cola European Partners had a return on equity of 15.85% and a net margin of 5.97%. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share.

A number of other research firms have also recently commented on CCE. Wells Fargo & Co increased their target price on Coca-Cola European Partners from $39.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday. ValuEngine raised Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Zacks Investment Research raised Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, April 17th. Finally, Goldman Sachs Group raised Coca-Cola European Partners from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Coca-Cola European Partners currently has a consensus rating of “Hold” and an average target price of $42.57.

CCE opened at $41.99 on Monday. The firm has a market capitalization of $20.45 billion, a P/E ratio of 16.30, a PEG ratio of 2.21 and a beta of 0.68. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 0.77. Coca-Cola European Partners has a 52 week low of $36.17 and a 52 week high of $44.35.

Large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Coca-Cola European Partners by 8.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,778 shares of the company’s stock worth $1,032,000 after purchasing an additional 2,007 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Coca-Cola European Partners by 16.6% during the first quarter. Toronto Dominion Bank now owns 15,628 shares of the company’s stock worth $652,000 after purchasing an additional 2,221 shares during the period. Manning & Napier Group LLC boosted its holdings in shares of Coca-Cola European Partners by 4.3% during the first quarter. Manning & Napier Group LLC now owns 55,932 shares of the company’s stock worth $2,330,000 after purchasing an additional 2,287 shares during the period. ETRADE Capital Management LLC boosted its holdings in shares of Coca-Cola European Partners by 39.8% during the first quarter. ETRADE Capital Management LLC now owns 8,207 shares of the company’s stock worth $342,000 after purchasing an additional 2,337 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Coca-Cola European Partners by 10.0% during the first quarter. Royal Bank of Canada now owns 26,097 shares of the company’s stock worth $1,087,000 after purchasing an additional 2,383 shares during the period. 32.42% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Wednesday, August 22nd will be paid a dividend of $0.3008 per share. The ex-dividend date is Tuesday, August 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.87%. Coca-Cola European Partners’s dividend payout ratio (DPR) is currently 33.89%.

About Coca-Cola European Partners

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLAC√ČAU Smartwater brands.

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Earnings History and Estimates for Coca-Cola European Partners (NYSE:CCE)

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