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

Fomento Económico Mexicano (NYSE:FMX) is expected to release its earnings data before the market opens on Friday, February 28th. Analysts expect Fomento Económico Mexicano to post earnings of $1.51 per share and revenue of $201.67 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Fomento Económico Mexicano Trading Down 0.3 %

Shares of FMX stock opened at $90.42 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $32.35 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 5.31 and a beta of 0.90. Fomento Económico Mexicano has a 12-month low of $81.07 and a 12-month high of $134.31. The stock’s 50-day moving average price is $86.19 and its 200-day moving average price is $94.44.

Fomento Económico Mexicano Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a $0.9201 dividend. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date was Friday, January 17th. Fomento Económico Mexicano’s payout ratio is presently 11.79%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Barclays lowered Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 21st. Finally, StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $108.27.

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.