Fomento Económico Mexicano (FMX) Scheduled to Post Earnings on Monday

Fomento Económico Mexicano (NYSE:FMX) will be announcing its earnings results before the market opens on Monday, October 28th. Parties that are interested in participating in the company’s conference call can do so using this link.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. The company had revenue of $11.54 billion for the quarter. On average, analysts expect Fomento Económico Mexicano to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Fomento Económico Mexicano Stock Up 0.2 %

Shares of NYSE:FMX opened at $96.76 on Friday. Fomento Económico Mexicano has a 1 year low of $95.84 and a 1 year high of $143.43. The company has a market cap of $34.62 billion, a PE ratio of 26.22, a P/E/G ratio of 5.60 and a beta of 0.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.44. The stock’s 50-day moving average is $101.64 and its 200 day moving average is $109.92.

Fomento Económico Mexicano Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, October 28th. Shareholders of record on Wednesday, October 16th will be given a dividend of $0.864 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a yield of 0.87%. Fomento Económico Mexicano’s payout ratio is 23.04%.

Analyst Ratings Changes

FMX has been the topic of several analyst reports. JPMorgan Chase & Co. cut Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $104.00 to $109.00 in a research report on Monday, September 23rd. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Saturday, October 19th. Finally, Barclays lowered their price objective on Fomento Económico Mexicano from $145.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $129.40.

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.