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

Fomento Económico Mexicano (NYSE:FMX) will announce its earnings results before the market opens on Friday, April 26th. Investors that wish to listen to the company’s conference call can do so using this link.

Fomento Económico Mexicano (NYSE:FMX) last issued its quarterly earnings results on Friday, February 23rd. The company reported $1.07 earnings per share for the quarter. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $11.21 billion. Fomento Económico Mexicano had a return on equity of 9.63% and a net margin of 8.53%. 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 Price Performance

Shares of FMX opened at $116.38 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.60. Fomento Económico Mexicano has a 1 year low of $91.71 and a 1 year high of $143.43. The company’s fifty day moving average is $126.31 and its two-hundred day moving average is $125.43.

Fomento Económico Mexicano Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FMX. StockNews.com downgraded Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. UBS Group lowered shares of Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a research report on Friday, January 12th. Bank of America reiterated a “neutral” rating on shares of Fomento Económico Mexicano in a report on Monday, February 26th. Finally, HSBC raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $124.00 to $152.00 in a report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Fomento Económico Mexicano presently has a consensus rating of “Hold” and an average target price 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.