Fomento Económico Mexicano (NYSE:FMX) Posts Earnings Results, Misses Estimates By $1.05 EPS

Fomento Económico Mexicano (NYSE:FMX) announced its earnings results on Thursday. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($1.05), Zacks reports. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The company had revenue of $9.99 billion during the quarter, compared to analysts’ expectations of $201.67 billion.

Fomento Económico Mexicano Price Performance

Shares of Fomento Económico Mexicano stock traded up $0.30 during trading hours on Friday, reaching $94.39. 308,852 shares of the company’s stock were exchanged, compared to its average volume of 512,333. Fomento Económico Mexicano has a 1 year low of $81.07 and a 1 year high of $131.56. The business has a fifty day moving average of $86.49 and a two-hundred day moving average of $93.78. The company has a market capitalization of $33.77 billion, a P/E ratio of 24.20, a price-to-earnings-growth 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.

Fomento Económico Mexicano Increases Dividend

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

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays lowered shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group reduced their target price on 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. Finally, StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

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.