Coca-Cola Enterprises Inc (CCE) Releases Earnings Results, Misses Expectations By $-0.07 EPS

Coca-Cola Enterprises Inc (CCE) announced its most recent quarterly financial results on Thursday, Sep-22-2016. CCE reported $0.56 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.63. The company posted revenue of $2873.00 million in the period, compared to analysts expectations of $3025.13 million. CCE’s revenue was down -3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on Coca-Cola Enterprises Inc. Coca-Cola Enterprises Inc was Upgraded by Societe Generale to ” Buy” on Jul 19, 2016.

Coca-Cola Enterprises Inc opened for trading at $39.49 and hit $39.87 on the upside on Tuesday, eventually ending the session at $39.75, with a gain of 1.02% or 0.4 points. The heightened volatility saw the trading volume jump to 22,74,460 shares. Company has a market cap of $9,061 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.

Coca-Cola Enterprises Inc

Leave a Reply

Coca-Cola Enterprises Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Coca-Cola Enterprises Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.