Equities research analysts forecast that Coca-Cola European Partners PLC (NYSE:CCEP) will post sales of $3.24 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Coca-Cola European Partners’ earnings. The highest sales estimate is $3.35 billion and the lowest is $3.15 billion. Coca-Cola European Partners posted sales of $3.14 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The business is expected to announce its next quarterly earnings report 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 financial year, with estimates ranging from $13.09 billion to $13.31 billion. For the next year, analysts forecast that the company will post sales of $13.64 billion, with estimates ranging from $13.41 billion to $13.79 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Coca-Cola European Partners.
Shares of NYSE:CCEP traded up $0.07 during midday trading on Friday, hitting $48.40. The stock had a trading volume of 1,253,900 shares, compared to its average volume of 1,449,465. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.77. Coca-Cola European Partners has a 1 year low of $36.17 and a 1 year high of $48.56.
Large investors have recently modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new position in shares of Coca-Cola European Partners during the third quarter worth about $450,000. Renaissance Technologies LLC bought a new position in Coca-Cola European Partners in the 3rd quarter valued at about $15,334,000. Invictus RG bought a new position in Coca-Cola European Partners in the 3rd quarter valued at about $581,000. Epoch Investment Partners Inc. bought a new position in Coca-Cola European Partners in the 3rd quarter valued at about $80,101,000. Finally, King Luther Capital Management Corp bought a new position in Coca-Cola European Partners in the 3rd quarter valued at about $214,000. 31.36% of the stock is currently owned by institutional investors and hedge funds.
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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