Fomento Económico Mexicano (FMX) Expected to Announce Quarterly Earnings on Thursday

Fomento Económico Mexicano (NYSE:FMX) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.51 per share and revenue of $201.67 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Fomento Económico Mexicano Price Performance

Shares of NYSE:FMX opened at $89.40 on Tuesday. Fomento Económico Mexicano has a 12 month low of $81.07 and a 12 month high of $131.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The business’s 50 day simple moving average is $86.25 and its 200-day simple moving average is $93.97. The firm has a market capitalization of $31.99 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 5.26 and a beta of 0.90.

Fomento Económico Mexicano Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a $0.9201 dividend. The ex-dividend date of this dividend was Friday, January 17th. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio is presently 11.79%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FMX. Barclays lowered Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 21st. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group cut their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $108.27.

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.