Fomento Económico Mexicano (FMX) to Release Earnings on Friday

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

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly earnings results on Friday, February 23rd. The company reported $1.07 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a net margin of 8.53% and a return on equity of 9.63%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates 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 Performance

NYSE:FMX opened at $116.38 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 1.91. The firm’s 50-day moving average is $126.31 and its 200-day moving average is $125.43. Fomento Económico Mexicano has a 52-week low of $91.71 and a 52-week high of $143.43.

Fomento Económico Mexicano Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group cut Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a research report on Friday, January 12th. HSBC upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating and lifted their price target for the stock from $124.00 to $152.00 in a research note on Friday, February 9th. Bank of America restated a “neutral” rating on shares of Fomento Económico Mexicano in a research note on Monday, February 26th. Finally, StockNews.com lowered shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.