Wall Street analysts forecast that Coca-Cola European Partners PLC (NYSE:CCEP) will announce earnings per share of $0.41 for the current quarter, Zacks reports. Two analysts have made estimates for Coca-Cola European Partners’ earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.40. Coca-Cola European Partners also reported earnings of $0.41 per share in the same quarter last year. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, April 30th.
On average, analysts expect that Coca-Cola European Partners will report full-year earnings of $2.91 per share for the current financial year, with EPS estimates ranging from $2.86 to $2.99. For the next fiscal year, analysts forecast that the firm will report earnings of $3.07 per share, with EPS estimates ranging from $2.74 to $3.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Coca-Cola European Partners.
Coca-Cola European Partners (NYSE:CCEP) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.08). The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Coca-Cola European Partners had a net margin of 7.89% and a return on equity of 16.44%. Coca-Cola European Partners’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS.
CCEP has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research report on Thursday, December 27th. Jefferies Financial Group raised Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Finally, ValuEngine downgraded Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Friday, January 25th.
Shares of NYSE:CCEP opened at $52.04 on Thursday. The firm has a market capitalization of $25.21 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.99 and a beta of 0.56. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 0.78. Coca-Cola European Partners has a 52 week low of $37.38 and a 52 week high of $52.20.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc acquired a new position in shares of Coca-Cola European Partners during the third quarter worth about $78,105,000. Marshall Wace North America L.P. acquired a new position in shares of Coca-Cola European Partners during the third quarter worth about $5,248,000. Marshall Wace LLP acquired a new position in shares of Coca-Cola European Partners during the third quarter worth about $1,964,000. Clearbridge Investments LLC acquired a new position in shares of Coca-Cola European Partners during the third quarter worth about $402,000. Finally, Vanguard Group Inc. acquired a new position in shares of Coca-Cola European Partners during the third quarter worth about $78,105,000. 30.83% of the stock is owned by hedge funds and other institutional investors.
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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