Fomento Económico Mexicano (FMX) to Release Quarterly Earnings on Friday

Fomento Económico Mexicano (NYSE:FMX) is scheduled to release its earnings data before the market opens on Friday, April 26th. Persons interested in registering for the company’s earnings conference call can do so using this link.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings results on Friday, February 23rd. The company reported $1.07 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a net margin of 8.53% and a return on equity of 9.63%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.21 billion. On average, analysts expect Fomento Económico Mexicano to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Fomento Económico Mexicano Stock Performance

Shares of FMX opened at $119.07 on Friday. Fomento Económico Mexicano has a 52-week low of $91.71 and a 52-week high of $143.43. The company has a quick ratio of 1.60, a current ratio of 1.91 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $127.69 and its two-hundred day moving average is $124.96.

Fomento Económico Mexicano Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Wednesday, April 17th will be paid a dividend of $1.115 per share. This represents a yield of 0.87%. The ex-dividend date is Tuesday, April 16th. This is a boost from Fomento Económico Mexicano’s previous annual dividend of $0.74. Fomento Económico Mexicano’s payout ratio is 6.11%.

Hedge Funds Weigh In On Fomento Económico Mexicano

Several institutional investors have recently bought and sold shares of FMX. Mercer Global Advisors Inc. ADV acquired a new position in shares of Fomento Económico Mexicano during the fourth quarter worth about $212,000. Employees Retirement System of Texas lifted its stake in Fomento Económico Mexicano by 813.0% in the fourth quarter. Employees Retirement System of Texas now owns 298,323 shares of the company’s stock valued at $38,886,000 after buying an additional 265,648 shares during the last quarter. Riverbridge Partners LLC purchased a new stake in shares of Fomento Económico Mexicano during the fourth quarter worth approximately $247,000. Profund Advisors LLC raised its stake in shares of Fomento Económico Mexicano by 7.1% during the fourth quarter. Profund Advisors LLC now owns 8,240 shares of the company’s stock worth $1,074,000 after purchasing an additional 549 shares during the last quarter. Finally, Pathstone Holdings LLC purchased a new stake in shares of Fomento Económico Mexicano during the fourth quarter worth approximately $582,000.

Analysts Set New Price Targets

FMX has been the topic of several recent research reports. StockNews.com cut shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. HSBC raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating and lifted their target price for the stock from $124.00 to $152.00 in a research note on Friday, February 9th. Bank of America reiterated a “neutral” rating on shares of Fomento Económico Mexicano in a report on Monday, February 26th. Finally, UBS Group lowered Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a report on Friday, January 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $135.75.

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.