Coca-Cola Enterprises Inc (CCE) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.40. The company posted revenue of $1517.00 million in the period, compared to analysts expectations of $1542.60 million. The company’s revenue was down -7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Coca-Cola Enterprises Inc. Stifel Upgraded Coca-Cola Enterprises Inc on Apr 14, 2016 to ” Buy”, Price Target of the shares are set at $65.Company shares were Reiterated by UBS on Apr 13, 2016 to “Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .Shares were Reiterated by UBS on Feb 12, 2016 to “Neutral” and Lowered the Price Target to $ 51 from a previous price target of $52 .
Coca-Cola Enterprises Inc opened for trading at $51.87 and hit $52.28 on the upside on Wednesday, eventually ending the session at $51.96, with a gain of 0.58% or 0.3 points. The heightened volatility saw the trading volume jump to 26,20,450 shares. Company has a market cap of $11,812 M.
In a different news, on Mar 3, 2016, John Brock (Chairman and CEO) sold 590,779 shares at $48.64 per share price. According to the SEC, on Jul 14, 2015, Calvin Darden (director) sold 12,399 shares at $45.00 per share price. On May 4, 2015, Suzanne D Patterson (VP, Controller & CAO) sold 3,312 shares at $45.96 per share price, according to the Form-4 filing with the securities and exchange commission.
Coca-Cola Enterprises Inc. (CCE) markets produces and distributes non-alcoholic beverages. The Company serves a market of approximately 170 million consumers throughout Belgium continental France Great Britain Luxembourg Monaco the Netherlands Norway and Sweden. The Company is The Coca-Cola Company’s (TCCC) bottling partner in Western Europe. The Company has bottling rights within its territories for various beverage brands including products with the name Coca-Cola. The Company purchases concentrates and syrups from TCCC and other licensors to manufacture products. In addition it purchases sweeteners juices mineral waters finished product carbon dioxide fuel PET (plastic) preforms glass aluminum and plastic bottles aluminum and steel cans pouches closures post-mix and packaging materials. The Company’s beverage portfolio includes Coca-Cola Diet Coke/Coca-Cola light Coca-Cola Zero Fanta and Capri-Sun among others.