FY2017 Earnings Forecast for Coca-Cola European Partners PLC Issued By Jefferies Group (CCE)

Coca-Cola European Partners PLC (NYSE:CCE) – Equities researchers at Jefferies Group decreased their FY2017 EPS estimates for Coca-Cola European Partners PLC in a research report issued to clients and investors on Tuesday. Jefferies Group analyst K. Grundy now expects that the company will earn $2.46 per share for the year, down from their previous estimate of $2.49. Jefferies Group has a “Hold” rating and a $45.00 price target on the stock. Jefferies Group also issued estimates for Coca-Cola European Partners PLC’s Q4 2017 earnings at $0.53 EPS, FY2018 earnings at $2.63 EPS and FY2019 earnings at $2.83 EPS.

Coca-Cola European Partners PLC (NYSE:CCE) last issued its quarterly earnings results on Tuesday, November 7th. The company reported C$0.68 EPS for the quarter, missing the consensus estimate of C$0.80 by C($0.12). Coca-Cola European Partners PLC had a return on equity of 15.60% and a net margin of 6.78%. The company had revenue of C$2.96 billion for the quarter, compared to the consensus estimate of C$2.99 billion. During the same period in the previous year, the business posted $0.67 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. WARNING: This piece of content was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://transcriptdaily.com/2017/11/12/fy2017-earnings-forecast-for-coca-cola-european-partners-plc-issued-by-jefferies-group-cce.html.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Coca-Cola European Partners PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Macquarie began coverage on shares of Coca-Cola European Partners PLC in a research report on Thursday, September 14th. They set an “outperform” rating and a $46.00 price target on the stock. BidaskClub cut shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. UBS AG reaffirmed a “buy” rating and set a $50.00 price target (up previously from $46.00) on shares of Coca-Cola European Partners PLC in a research report on Monday, August 14th. Finally, Barclays PLC set a $47.00 price target on shares of Coca-Cola European Partners PLC and gave the stock a “buy” rating in a research report on Sunday, August 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Coca-Cola European Partners PLC presently has an average rating of “Hold” and a consensus target price of C$45.63.

Coca-Cola European Partners PLC (NYSE:CCE) opened at C$39.50 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.95. Coca-Cola European Partners PLC has a 12-month low of C$30.55 and a 12-month high of C$44.75. The company has a market cap of $19,133.09, a PE ratio of 16.95, a PEG ratio of 2.09 and a beta of 0.94.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be issued a $0.24 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.96 dividend on an annualized basis and a yield of 2.43%. Coca-Cola European Partners PLC’s dividend payout ratio is currently 57.14%.

A number of hedge funds and other institutional investors have recently modified their holdings of CCE. SG Americas Securities LLC bought a new position in Coca-Cola European Partners PLC in the second quarter worth about $120,000. Advisor Group Inc. lifted its holdings in Coca-Cola European Partners PLC by 35.5% in 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 last quarter. Phocas Financial Corp. bought a new position in Coca-Cola European Partners PLC in the second quarter worth about $182,000. Fulton Bank N.A. bought a new stake in shares of Coca-Cola European Partners PLC during the second quarter valued at approximately $201,000. Finally, Shikiar Asset Management Inc. bought a new stake in shares of Coca-Cola European Partners PLC during the second quarter valued at approximately $203,000. 29.63% of the stock is currently owned by hedge funds and other institutional investors.

About Coca-Cola European Partners PLC

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages. It offers drinks primarily under the Coca-Cola, Diet Coke/Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite brands. The company also provides energy drinks, waters, juices, sports drinks and ready-to-drink teas.

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

Receive News & Ratings for Coca-Cola European Partners PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply