Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) released its quarterly earnings results on Tuesday. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05), Zacks reports. Wal-Mart de Mexico SAB de CV had a return on equity of 21.23% and a net margin of 4.90%.

Wal-Mart de Mexico SAB de CV Stock Down 3.6%

Wal-Mart de Mexico SAB de CV stock traded down $0.98 during trading hours on Tuesday, hitting $26.12. 192,444 shares of the company traded hands, compared to its average volume of 152,986. The firm has a market cap of $45.19 billion, a P/E ratio of 16.32, a P/E/G ratio of 5.94 and a beta of 0.63. The firm’s 50-day simple moving average is $26.83 and its two-hundred day simple moving average is $30.13. Wal-Mart de Mexico SAB de CV has a 1-year low of $24.80 and a 1-year high of $35.47.

Analyst Ratings Changes

Separately, HSBC downgraded shares of Wal-Mart de Mexico SAB de CV to a “reduce” rating and set a $42.00 price objective on the stock. in a research report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $42.00.

Wal-Mart de Mexico SAB de CV Company Profile

Wal-Mart de México, SAB. de C.V., commonly known as Walmex, is a retail company that operates Walmart’s business in Mexico and Central America. The company sells groceries, fresh food, household products, apparel, electronics, appliances, health and beauty products, and other general merchandise through a variety of store formats.

Walmex operates stores under brands including Walmart, Walmart Express, Bodega Aurrera and Sam’s Club. Bodega Aurrera serves value-oriented consumers, while Walmart and Walmart Express offer full-service and smaller-format shopping experiences.