Brokerages expect Fomento Economico Mexicano SAB (NYSE:FMX) to report earnings per share (EPS) of $1.08 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Fomento Economico Mexicano SAB’s earnings, with estimates ranging from $0.88 to $1.28. Fomento Economico Mexicano SAB posted earnings per share of $0.90 during the same quarter last year, which suggests a positive year over year growth rate of 20%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, February 27th.
On average, analysts expect that Fomento Economico Mexicano SAB will report full year earnings of $7.08 per share for the current year, with EPS estimates ranging from $7.00 to $7.16. For the next year, analysts forecast that the company will report earnings of $3.88 per share, with EPS estimates ranging from $3.06 to $4.35. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Fomento Economico Mexicano SAB.
A number of brokerages recently commented on FMX. ValuEngine upgraded shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Zacks Investment Research upgraded shares of Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Credit Suisse Group cut shares of Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Fomento Economico Mexicano SAB has an average rating of “Buy” and a consensus price target of $114.40.
Shares of Fomento Economico Mexicano SAB (FMX) opened at $93.92 on Thursday. The company has a market cap of $33,606.73, a P/E ratio of 13.21, a P/E/G ratio of 1.61 and a beta of 0.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 1.88. Fomento Economico Mexicano SAB has a 52 week low of $80.39 and a 52 week high of $103.82.
A number of institutional investors have recently bought and sold shares of FMX. Vanguard Group Inc. increased its holdings in Fomento Economico Mexicano SAB by 10.2% during the 2nd quarter. Vanguard Group Inc. now owns 172,617 shares of the company’s stock worth $16,975,000 after acquiring an additional 15,993 shares during the period. OxFORD Asset Management LLP bought a new stake in Fomento Economico Mexicano SAB during the 2nd quarter worth approximately $201,000. State Street Corp increased its holdings in Fomento Economico Mexicano SAB by 9.6% during the 2nd quarter. State Street Corp now owns 122,934 shares of the company’s stock worth $12,089,000 after acquiring an additional 10,763 shares during the period. APG Asset Management N.V. increased its holdings in Fomento Economico Mexicano SAB by 14.9% during the 3rd quarter. APG Asset Management N.V. now owns 360,580 shares of the company’s stock worth $34,446,000 after acquiring an additional 46,650 shares during the period. Finally, Aperio Group LLC increased its holdings in Fomento Economico Mexicano SAB by 8.3% during the 3rd quarter. Aperio Group LLC now owns 37,070 shares of the company’s stock worth $3,541,000 after acquiring an additional 2,827 shares during the period. 20.37% of the stock is currently owned by institutional investors and hedge funds.
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About Fomento Economico Mexicano SAB
Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.
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