Fomento Económico Mexicano (FMX) Expected to Announce Quarterly Earnings on Thursday

Fomento Económico Mexicano (NYSE:FMX) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Fomento Económico Mexicano to post earnings of $1.51 per share and revenue of $201.67 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Fomento Económico Mexicano Trading Down 0.0 %

FMX stock opened at $89.40 on Tuesday. The company has a market cap of $31.99 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 5.26 and a beta of 0.90. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $86.25 and a 200-day simple moving average of $93.97. Fomento Económico Mexicano has a 52 week low of $81.07 and a 52 week high of $131.56.

Fomento Económico Mexicano Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on FMX. StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Barclays downgraded Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group lowered their price target on 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $108.27.

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.