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News Breaks
January 16, 2014
08:31 EDTCCE, BEAMBeam downgraded to Sell from Hold at Argus
Argus downgraded Beam (BEAM) after Suntory Holdings offered to acquire the company for $83.50 per share, or $16 B. The firm does not expect Beam to rise significantly higher, and recommends that investors sell their shares and buy Coca-Cola Enterprises (CCE).
News For BEAM;CCE From The Last 14 Days
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December 18, 2014
07:35 EDTCCECoca-Cola Enterprises board approves new $1B share repurchase plan
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07:35 EDTCCECoca-Cola Enterprises sees FY15 EPS up 6%-8%
For 2015, CCE expects earnings per diluted share to grow in range of 6 percent to 8 percent on a comparable and currency-neutral basis. Although too early to predict the impact, based on recent rates, currency translation would negatively impact full-year 2015 earnings per diluted share by approximately 7 percent. Net sales and operating income are expected to be slightly positive on a comparable and currency-neutral basis. The company also expects 2015 free cash flow in a range of $650 million to $700 million, including the expected negative impact of currency translation based on recent rates. Capital expenditures are expected to be in a range of $325 million to $350 million. Weighted-average cost of debt is expected to be approximately 3 percent. The comparable effective tax rate for 2015 is expected to be in a range of 27 percent to 28 percent. “In the year ahead, we see our operating environment characterized by continued marketplace challenges and soft macroeconomic conditions in many areas,” said Hubert Patricot, executive vice president and president, European Group. “As our consumers and our customers continue to face the impact of these factors, we will work diligently to enhance efficiency, create a more effective and agile organization, and ultimately reignite topline growth."
07:34 EDTCCECoca-Cola Enterprises affirms FY14 comparable, currency neutral EPS growth
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December 16, 2014
12:00 EDTCCECoca-Cola Enterprises to hold a conference call
Management holds a conference call to provide 2015 outlook will be held on December 18 at 10 am. Webcast Link

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