Fomento Económico Mexicano (FMX) Set to Announce Quarterly Earnings on Monday

Fomento Económico Mexicano (NYSE:FMX) is scheduled to issue its quarterly earnings data before the market opens on Monday, October 28th. Parties that wish to register for the company’s conference call can do so using this link.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.87 earnings per share for the quarter. The company had revenue of $11.54 billion during the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.65%. 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 Stock Up 2.0 %

FMX stock opened at $97.88 on Monday. The stock has a market capitalization of $35.02 billion, a P/E ratio of 26.53, a P/E/G ratio of 5.60 and a beta of 0.94. The firm has a 50-day simple moving average of $102.77 and a 200-day simple moving average of $110.52. The company has a quick ratio of 1.44, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. Fomento Económico Mexicano has a 52 week low of $95.84 and a 52 week high of $143.43.

Fomento Económico Mexicano Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Monday, October 28th. Stockholders of record on Wednesday, October 16th will be paid a dividend of $0.864 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a dividend yield of 0.87%. Fomento Económico Mexicano’s dividend payout ratio is currently 23.31%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FMX. JPMorgan Chase & Co. cut shares of Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $104.00 to $109.00 in a research note on Monday, September 23rd. Barclays cut their target price on shares of 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. Finally, StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Saturday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $129.40.

About Fomento Económico Mexicano

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.