These analysts have also projected a Low Estimate of $0.52/share and a High Estimate of $0.56/share. The business had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. For KO, the company now has $12.53 Billion of cash on the books, which is offset by $16.63 Billion current liabilities. They expect $0.38 EPS, up 2.70% or $0.01 from last year's $0.37 per share. Coca-Cola European Partners PLC had a return on equity of 15.60% and a net margin of 6.78%. Westchester Capital Mgmt Inc holds 0.04% or 2,004 shares in its portfolio. Coca-Cola European Partners PLC's revenue for the quarter was down.7% compared to the same quarter a year ago. That suggests something of the likelihood of a short squeeze in shares of KO. BidaskClub cut Coca-Cola European Partners PLC from a "buy" rating to a "hold" rating in a report on Saturday, August 26th.
On October 27 BMO Capital Markets made no change to the company rating of "Hold" projecting a price of $47.00. UBS AG reiterated a "buy" rating and issued a $50.00 target price (up previously from $46.00) on shares of Coca-Cola European Partners PLC in a report on Monday, August 14th. Analysts believe that we could see stock price minimum in the $41 range (lowest target price), allowing for another -13.56% drop from its current position. Lodestar Investment Counsel Llc sold 10,459 shares as Coca Cola (KO)'s stock rose 6.48%. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock.
From another technical standpoint, Coca-Cola European Partners plc (NYSE:CCE)'s 14-day Relative Strength Index (RSI) has reached 39.4, putting it inside a neutral zone. Short shares decreased 1,427,327 over that period.
The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The short-interest ratio decreased to 3.0 and the short interest percentage is 0.01% as of October 31.
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The business also recently declared a special dividend, which will be paid on Friday, January 13th. Fcg Advisors Llc reported 31,200 shares or 0.47% of all its holdings. Its down 0.14, from 1.13 in 2017Q1. The ex-dividend date is Thursday, December 29th. Coca-Cola European Partners PLC's dividend payout ratio is presently 57.14%.
WARNING: This piece of content was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and worldwide copyright & trademark legislation. The correct version of this news story can be read at https://weekherald.com/2017/11/15/coca-cola-european-partners-plc-cce-expected-to-announce-quarterly-sales-of-3-01-billion.html. Smithfield Trust Co. boosted its position in shares of Coca-Cola Enterprises by 1,550.0% in the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company's stock worth $12,343,662,000 after acquiring an additional 4,818,963 shares during the period. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Baxter Bros Incorporated invested in 117,653 shares or 1.59% of the stock. During the same quarter last year, the firm posted $0.49 EPS. sell-side analysts expect that Coca-Cola Company will post 1.9 EPS for the current year. This represents a decrease of -5% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Thomaspartners, Inc. bolstered its investment by buying 114,096 shares an increase of 2.8% in the quarter. The Hl Financial Services Llc holds 645,662 shares with $28.96 million value, down from 666,602 last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of Coca-Cola European Partners PLC by 3.8% during the second quarter. 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.