Wall Street analysts expect Coca-Cola European Partners PLC (NYSE:CCEP) to report $3.24 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Coca-Cola European Partners’ earnings. The lowest sales estimate is $3.15 billion and the highest is $3.35 billion. Coca-Cola European Partners posted sales of $3.14 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The firm is expected to report its next earnings results on Thursday, February 21st.
According to Zacks, analysts expect that Coca-Cola European Partners will report full year sales of $13.17 billion for the current year, with estimates ranging from $13.09 billion to $13.31 billion. For the next year, analysts forecast that the firm will report sales of $13.58 billion, with estimates ranging from $13.40 billion to $13.79 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Coca-Cola European Partners.
Separately, ValuEngine cut Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Tuesday.
Shares of CCEP traded up $0.12 during mid-day trading on Monday, hitting $47.92. 1,563,943 shares of the stock were exchanged, compared to its average volume of 1,462,758. The stock has a market capitalization of $23.15 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.16 and a beta of 0.61. Coca-Cola European Partners has a 52-week low of $36.17 and a 52-week high of $49.43. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.01 and a quick ratio of 0.81.
The business also recently declared a dividend, which was paid on Tuesday, November 20th. Investors of record on Friday, November 9th were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, November 8th. Coca-Cola European Partners’s payout ratio is presently 13.39%.
About Coca-Cola European Partners
Coca-Cola European Partners Plc engages in the distribution and sale of ready-to-drink beverages. IT operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas.
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