Wall Street analysts forecast that Coca-Cola European Partners PLC (NYSE:CCE) will report $3.53 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Coca-Cola European Partners PLC’s earnings, with the highest sales estimate coming in at $3.59 billion and the lowest estimate coming in at $3.48 billion. Coca-Cola European Partners PLC posted sales of $3.33 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 9th.

On average, analysts expect that Coca-Cola European Partners PLC will report full year sales of $3.53 billion for the current fiscal year, with estimates ranging from $12.44 billion to $13.08 billion. For the next financial year, analysts expect that the business will post sales of $13.11 billion per share, with estimates ranging from $12.83 billion to $13.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Coca-Cola European Partners PLC.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its earnings results on Thursday, August 10th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the business earned $0.56 EPS.

A number of analysts have commented on CCE shares. Jefferies Group LLC reissued a “hold” rating and issued a $42.00 target price on shares of Coca-Cola European Partners PLC in a report on Wednesday, June 14th. Barclays PLC reissued a “buy” rating and issued a $46.00 target price on shares of Coca-Cola European Partners PLC in a report on Friday, July 21st. UBS AG reissued a “buy” rating and issued a $44.00 target price (up previously from $42.00) on shares of Coca-Cola European Partners PLC in a report on Friday, May 5th. Susquehanna Bancshares Inc set a $39.00 target price on Coca-Cola European Partners PLC and gave the stock a “hold” rating in a report on Thursday, May 4th. Finally, Deutsche Bank AG lowered Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Coca-Cola European Partners PLC currently has an average rating of “Hold” and a consensus target price of $44.75.

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A number of institutional investors have recently added to or reduced their stakes in CCE. Dimensional Fund Advisors LP increased its position in Coca-Cola European Partners PLC by 17.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 47,840 shares of the company’s stock valued at $1,504,000 after buying an additional 6,985 shares during the period. Creative Planning increased its position in Coca-Cola European Partners PLC by 61.1% in the first quarter. Creative Planning now owns 3,696 shares of the company’s stock valued at $139,000 after buying an additional 1,402 shares during the period. First Manhattan Co. increased its position in Coca-Cola European Partners PLC by 1.7% in the first quarter. First Manhattan Co. now owns 10,922 shares of the company’s stock valued at $435,000 after buying an additional 187 shares during the period. Korea Investment CORP increased its position in Coca-Cola European Partners PLC by 12.6% in the first quarter. Korea Investment CORP now owns 121,800 shares of the company’s stock valued at $4,591,000 after buying an additional 13,600 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Coca-Cola European Partners PLC by 34.7% in the first quarter. Janney Montgomery Scott LLC now owns 17,318 shares of the company’s stock valued at $653,000 after buying an additional 4,459 shares during the period. Institutional investors own 29.74% of the company’s stock.

Coca-Cola European Partners PLC (CCE) opened at 42.93 on Wednesday. The stock’s 50 day moving average is $42.89 and its 200 day moving average is $39.45. Coca-Cola European Partners PLC has a 52 week low of $30.55 and a 52 week high of $44.75. The company has a market capitalization of $20.79 billion, a PE ratio of 22.77 and a beta of 0.95.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 28th will be issued a $0.25 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.00 annualized dividend and a dividend yield of 2.33%. This is a positive change from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. Coca-Cola European Partners PLC’s payout ratio is presently 56.50%.

About Coca-Cola European Partners PLC

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

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

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