Fomento Economico Mexicano (NYSE:FMX) announced a semiannual dividend on Friday, October 18th, AnalystRatingsNetwork.com reports. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.7823 per share on Monday, November 18th. This represents a dividend yield of 1.67%. The ex-dividend date is Monday, November 4th.
On the ratings front, analysts at Zacks downgraded shares of Fomento Economico Mexicano from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, September 26th. They now have a $93.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $93.00.
Fomento Economico Mexicano (NYSE:FMX) traded down 0.46% on Friday, hitting $93.50. 419,891 shares of the company’s stock traded hands. Fomento Economico Mexicano has a 1-year low of $87.58 and a 1-year high of $126.11. The stock’s 50-day moving average is $98.47 and its 200-day moving average is $104.9. The company has a market cap of $33.456 billion and a P/E ratio of 20.87.
Fomento Economico Mexicano (NYSE:FMX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.44. Analysts expect that Fomento Economico Mexicano will post $3.90 EPS for the current fiscal year.
Fomento Economico Mexicano, SAB. de C.V. (NYSE:FMX) is a holding company.
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