Coca-Cola European Partners PLC (CCEP) Expected to Announce Earnings of $0.62 Per Share

Equities analysts expect Coca-Cola European Partners PLC (NYSE:CCEP) to announce earnings per share (EPS) of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Coca-Cola European Partners’ earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.61. Coca-Cola European Partners posted earnings per share of $0.58 in the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The firm is expected to issue its next earnings report before the market opens on Thursday, February 14th.

According to Zacks, analysts expect that Coca-Cola European Partners will report full-year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.63. For the next year, analysts expect that the business will report earnings of $2.90 per share, with EPS estimates ranging from $2.81 to $3.00. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Coca-Cola European Partners.

A number of analysts have recently weighed in on the stock. ValuEngine downgraded shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Tuesday, December 4th. Zacks Investment Research raised shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating and set a $52.00 price target for the company in a report on Tuesday, January 8th. Finally, Jefferies Financial Group raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research note on Monday, January 7th.

Large investors have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. acquired a new position in shares of Coca-Cola European Partners in the third quarter worth about $450,000. Renaissance Technologies LLC acquired a new position in shares of Coca-Cola European Partners in the third quarter worth about $15,334,000. Invictus RG acquired a new position in shares of Coca-Cola European Partners in the third quarter worth about $581,000. Epoch Investment Partners Inc. acquired a new position in shares of Coca-Cola European Partners in the third quarter worth about $80,101,000. Finally, King Luther Capital Management Corp acquired a new position in shares of Coca-Cola European Partners in the third quarter worth about $214,000. 31.57% of the stock is owned by institutional investors and hedge funds.

Shares of Coca-Cola European Partners stock traded up $0.01 on Friday, reaching $47.48. 1,804 shares of the stock were exchanged, compared to its average volume of 1,148,503. Coca-Cola European Partners has a one year low of $37.17 and a one year high of $49.43. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.77. The company has a market cap of $23.08 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.90 and a beta of 0.59.

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 GLACÉAU Smartwater brands.

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