Coca-Cola HBC (CCHGY) Expected to Announce Quarterly Earnings on Wednesday

Coca-Cola HBC (OTCMKTS:CCHGY) will likely be issuing its resultson Wednesday, August 5th. Analysts expect the company to announce earnings of $1.65 per share and revenue of $7.0327 billion for the quarter.

Coca-Cola HBC Stock Up 2.2%

Shares of CCHGY stock traded up $1.45 on Wednesday, hitting $66.69. 327 shares of the company’s stock traded hands, compared to its average volume of 7,657. The company’s fifty day simple moving average is $62.39 and its 200 day simple moving average is $59.66. Coca-Cola HBC has a one year low of $44.37 and a one year high of $68.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wall Street Zen downgraded Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Finally, Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Coca-Cola HBC

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.