Coca-Cola FEMSA (NYSE:KOF) Releases Earnings Results, Beats Estimates By $0.22 EPS

Coca-Cola FEMSA (NYSE:KOF) announced its quarterly earnings data on Friday. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22, Zacks reports. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%.

Coca-Cola FEMSA Stock Performance

KOF opened at $88.27 on Friday. The stock has a market capitalization of $148.36 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.62 and a beta of 0.83. The company has a fifty day moving average of $78.78 and a 200 day moving average of $82.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $102.28.

Analyst Ratings Changes

Several brokerages have recently weighed in on KOF. Barclays decreased their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their target price for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $104.75.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.