Fomento Económico Mexicano (FMX) Expected to Announce Earnings on Monday

Fomento Económico Mexicano (NYSE:FMX) will likely be releasing its earnings data before the market opens on Monday, April 28th. Analysts expect Fomento Económico Mexicano to post earnings of $0.73 per share and revenue of $194.75 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($1.05). Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. The business had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $201.67 billion. On average, analysts expect Fomento Económico Mexicano to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Fomento Económico Mexicano Trading Up 2.0 %

Shares of FMX stock opened at $105.83 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. Fomento Económico Mexicano has a 1 year low of $81.08 and a 1 year high of $123.09. The firm’s fifty day simple moving average is $96.22 and its 200 day simple moving average is $92.13. The firm has a market capitalization of $37.87 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 5.26 and a beta of 0.68.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 25th will be given a dividend of $1.628 per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 1.57%. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.92. Fomento Económico Mexicano’s dividend payout ratio is currently 11.75%.

Analyst Ratings Changes

Several brokerages recently issued reports on FMX. UBS Group boosted their price target on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Itau BBA Securities raised Fomento Económico Mexicano from a “market perform” rating to an “outperform” rating in a research report on Monday, April 7th. Barclays boosted their price target on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group reduced their price objective on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fomento Económico Mexicano presently has a consensus rating of “Moderate Buy” and an average price target of $103.95.

Fomento Económico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.