Coca-Cola European Partners (NYSE: CCE) updated its FY18 revenue guidelines on Thursday. The company provided guidance per share guidance of EUR 2.25-2.27 for the period, compared to the Thomson Reuters consensus earnings per share forecast of $ 2.28.
Several brokers have recently weighed on CCE. Jefferies Financial Group re-issued a hold and issued a target price of $ 46.00 on Coca-Cola European Partners shares in a study letter on Wednesday, August 15th. ValuEngine increased shares of Coca-Cola European Partners from a sell rating to a hold rating in a research note on Saturday. Wells Fargo & Co increased its price target on Coca-Cola European Partners shares from $ 39.00 to $ 40.00 and gave the company a market performance license in a study letter on Friday, August 10th. Finally, in a research report, Zacks Investment Research placed shares of Coca-Cola European Partners of a sell rating to a hold rating on Tuesday, August 14. One investment analyst has rated the shares with a sell rating, six have a hold rating and three have assigned a buy rating to the company. The stock currently has an average Hold rating and an average target price of $ 41.50.
NYSE CCE exchanged $ 0.51 on Friday and reached $ 42.64. The company had a trading volume of 1,622,666 shares, compared to the average volume of 1,211,295. The share has a market capitalization of $ 20.41 billion, a PE ratio of 17.84, a P / E / G ratio of 2.23 and a beta of 0.68. Coca-Cola European Partners has a 1-year low of $ 36.17 and a 1-year high of $ 44.14. The company has a short ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 0.77.
Coca-Cola European Partners (NYSE: CCE) last released its quarterly results on Thursday 9 August. The company reported earnings per share of $ 0.67 this quarter, on top of the Zacks $ 0.65 consensus estimate with $ 0.02. The company posted sales of $ 3.06 billion in the quarter compared to analysts' expectations of $ 3.07 billion. Coca-Cola European Partners had a return on equity of 15.85% and a net margin of 5.97%. The quarterly sales of Coca-Cola European Partners increased by 0.1% compared to the same quarter last year. In the same quarter of the previous year, the company earned $ 0.67 EPS. sell-side analysts expect Coca-Cola European Partners to book 2.62 EPS for the current fiscal year.
The company recently announced a quarterly dividend, which will be paid on Thursday, September 6. Shareholders on Wednesday, August 22, will receive a dividend of $ 0,3008 per share. This represents a $ 1.20 dividend on an annual basis and a dividend yield of 2.82%. The ex-dividend date is Tuesday 21 August. The dividend payout ratio of Coca-Cola European Partners (DPR) is currently 23.43%.
About Coca-Cola European partners
Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes and sells a range of non-alcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink and other products. It supplies its products mainly under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest and GLACÉAU Smartwater brands.
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