Coca-Cola European Partners PLC (CCEP) Expected to Announce Earnings of $0.60 Per Share
Equities research analysts forecast that Coca-Cola European Partners PLC (NYSE:CCEP) will report earnings of $0.60 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Coca-Cola European Partners’ earnings. The highest EPS estimate is $0.61 and the lowest is $0.60. Coca-Cola European Partners posted earnings of $0.58 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.4%. The firm is expected to announce its next quarterly earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Coca-Cola European Partners will report full-year earnings of $2.61 per share for the current year, with EPS estimates ranging from $2.60 to $2.63. For the next financial year, analysts anticipate that the company will post earnings of $2.85 per share, with EPS estimates ranging from $2.80 to $2.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Coca-Cola European Partners.
NYSE CCEP traded up $0.07 during trading on Thursday, reaching $48.40. The company’s stock had a trading volume of 1,253,900 shares, compared to its average volume of 1,449,465. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.81 and a current ratio of 1.01. Coca-Cola European Partners has a twelve month low of $36.17 and a twelve month high of $48.56.
Several large investors have recently modified their holdings of the company. AQR Capital Management LLC purchased a new stake in shares of Coca-Cola European Partners in the third quarter valued at about $417,000. Macquarie Group Ltd. purchased a new stake in shares of Coca-Cola European Partners in the third quarter valued at about $300,000. Mackenzie Financial Corp purchased a new stake in shares of Coca-Cola European Partners in the third quarter valued at about $327,000. Vectors Research Management LLC purchased a new stake in shares of Coca-Cola European Partners in the third quarter valued at about $202,000. Finally, Putnam Investments LLC purchased a new stake in shares of Coca-Cola European Partners in the third quarter valued at about $858,000. 31.36% of the stock is currently owned by institutional investors and hedge funds.
Coca-Cola European Partners Company Profile
Coca-Cola European Partners Plc engages in the distribution and sale of ready-to-drink beverages. IT operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas.
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