Coca-Cola HBC (CCHGY) Expected to Announce Earnings on Wednesday

Coca-Cola HBC (OTCMKTS:CCHGY) is projected to issue its resultson Wednesday, August 5th. Analysts expect Coca-Cola HBC to announce earnings of $1.65 per share and revenue of $3.95 billion for the quarter.

Coca-Cola HBC Stock Down 3.0%

Coca-Cola HBC stock opened at $65.48 on Tuesday. Coca-Cola HBC has a 12-month low of $44.37 and a 12-month high of $68.71. The firm has a 50 day moving average of $63.17 and a 200 day moving average of $60.07. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99.

Analyst Ratings Changes

CCHGY has been the topic of a number of analyst reports. Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Coca-Cola HBC has a consensus rating of “Hold”.

Coca-Cola HBC Company Profile

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.