Fomento Económico Mexicano (FMX) Scheduled to Post Earnings on Monday

Fomento Económico Mexicano (NYSE:FMX) will be posting its quarterly earnings results before the market opens on Monday, October 28th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Fomento Económico Mexicano (NYSE:FMX) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. The business had revenue of $11.54 billion for the quarter. On average, analysts expect Fomento Económico Mexicano to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Fomento Económico Mexicano Trading Up 0.2 %

Shares of FMX opened at $96.76 on Friday. Fomento Económico Mexicano has a 12-month low of $95.84 and a 12-month high of $143.43. The stock’s fifty day simple moving average is $101.64 and its 200-day simple moving average is $109.92. The company has a quick ratio of 1.44, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $34.62 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 5.60 and a beta of 0.94.

Fomento Económico Mexicano Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, October 28th. Shareholders of record on Wednesday, October 16th will be issued a $0.864 dividend. The ex-dividend date is Wednesday, October 16th. This represents a dividend yield of 0.87%. Fomento Económico Mexicano’s dividend payout ratio (DPR) is currently 23.04%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays decreased their price target on Fomento Económico Mexicano from $145.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. JPMorgan Chase & Co. cut Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $104.00 to $109.00 in a report on Monday, September 23rd. Finally, StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Saturday, October 19th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $129.40.

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.