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

Fomento Económico Mexicano (NYSE:FMX) will issue its quarterly earnings data before the market opens on Friday, April 26th. Parties that are interested in registering for the company’s conference call can do so using this link.

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly earnings data on Friday, February 23rd. The company reported $1.07 earnings per share for the quarter. Fomento Económico Mexicano had a return on equity of 9.63% and a net margin of 8.53%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.21 billion. On average, analysts expect Fomento Económico Mexicano to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Fomento Económico Mexicano Stock Down 0.4 %

FMX stock opened at $115.90 on Thursday. The business’s 50-day moving average price is $125.79 and its 200-day moving average price is $125.36. The company has a quick ratio of 1.60, a current ratio of 1.91 and a debt-to-equity ratio of 0.33. Fomento Económico Mexicano has a twelve month low of $91.71 and a twelve month high of $143.43.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, April 29th. Investors of record on Wednesday, April 17th will be issued a $1.115 dividend. The ex-dividend date is Tuesday, April 16th. This is a boost from Fomento Económico Mexicano’s previous annual dividend of $0.74. This represents a yield of 0.87%. Fomento Económico Mexicano’s payout ratio is currently 6.11%.

Wall Street Analysts Forecast Growth

FMX has been the topic of a number of research reports. StockNews.com downgraded Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. UBS Group downgraded Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a research note on Friday, January 12th. Bank of America reissued a “neutral” rating on shares of Fomento Económico Mexicano in a research report on Monday, February 26th. Finally, HSBC raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating and boosted their target price for the company from $124.00 to $152.00 in a research report on Friday, February 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Fomento Económico Mexicano presently has an average rating of “Hold” and a consensus price target of $135.75.

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.