Wall Street brokerages predict that Coca-Cola European Partners plc (NYSE:CCE) will announce earnings per share (EPS) of $0.54 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Coca-Cola European Partners’ earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.53. Coca-Cola European Partners reported earnings per share of $0.46 during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.4%. The firm is expected to report its next quarterly earnings results on Tuesday, March 20th.

According to Zacks, analysts expect that Coca-Cola European Partners will report full-year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.39 to $2.48. For the next year, analysts anticipate that the business will post earnings of $2.66 per share, with EPS estimates ranging from $2.63 to $2.69. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Coca-Cola European Partners.

Coca-Cola European Partners (NYSE:CCE) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. Coca-Cola European Partners had a net margin of 6.78% and a return on equity of 15.60%. Coca-Cola European Partners’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share.

CCE has been the topic of a number of research analyst reports. Zacks Investment Research raised Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Susquehanna Bancshares set a $33.00 price target on Coca-Cola European Partners and gave the company a “sell” rating in a report on Wednesday, November 29th. UBS lowered Coca-Cola European Partners to a “neutral” rating in a report on Monday, November 13th. BidaskClub lowered Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Macquarie initiated coverage on Coca-Cola European Partners in a report on Thursday, September 14th. They set an “outperform” rating and a $46.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $44.50.

Coca-Cola European Partners (CCE) opened at $39.35 on Tuesday. The company has a market capitalization of $18,982.91, a price-to-earnings ratio of 16.82, a PEG ratio of 2.07 and a beta of 0.91. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76. Coca-Cola European Partners has a fifty-two week low of $31.09 and a fifty-two week high of $44.75.

The company also recently announced a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 20th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Friday, November 17th. Coca-Cola European Partners’s payout ratio is currently 54.86%.

Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its holdings in Coca-Cola European Partners by 35.5% during the second quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after acquiring an additional 939 shares during the period. Artisan Partners Limited Partnership increased its stake in Coca-Cola European Partners by 0.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock worth $698,088,000 after purchasing an additional 139,127 shares in the last quarter. D L Carlson Investment Group Inc. increased its stake in Coca-Cola European Partners by 49.3% in the 2nd quarter. D L Carlson Investment Group Inc. now owns 127,565 shares of the company’s stock worth $5,188,000 after purchasing an additional 42,120 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Coca-Cola European Partners by 50.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 84,454 shares of the company’s stock worth $3,435,000 after purchasing an additional 28,248 shares in the last quarter. Finally, Cipher Capital LP increased its stake in Coca-Cola European Partners by 84.0% in the 3rd quarter. Cipher Capital LP now owns 99,419 shares of the company’s stock worth $4,137,000 after purchasing an additional 45,381 shares in the last quarter. 29.33% of the stock is currently owned by hedge funds and other institutional investors.

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About Coca-Cola European Partners

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 (NYSE:CCE)

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