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Risk-to-Price Commentary: Coca-Cola Enterprises Inc. Sep 10
Standard & Poors, Sep 2010
Abstract
Coca-Cola Enterprises Inc., which is in the process of selling its North American operations to Coca-Cola Co. to focus on Western Europe, raised its 2010 earnings outlook for the third time this year on Tuesday. The company said it now expects to earn $1.78 to $1.82 per share in 2010, up from a forecast of $1.73 to $1.77 issued on July 28. It expects the deal with Coca-Cola to close in the fourth quarter pending approvals. Post-transaction, Coca-Cola Enterprises expects 4% to 6% revenue growth, 6% to 8% operating income growth, and earnings per share growth in the high single digits on a long-term basis. The company sees 2011 earnings per share exceeding current expectations, since it plans to repurchase...
Companies mentioned in this report are: The Coca-Cola Co.,PepsiCo Inc.,Coca-Cola Bottling Co. Consolidated,Coca-Cola Enterprises Inc.,PepsiAmericas Inc.,Coca-Cola Amatil Ltd.,Bottling Group LLC,The Pepsi Bottling Group Inc.,Dr Pepper Snapple Group Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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