Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Releases Quarterly Earnings Results

Key Points

• Wal-Mart de Mexico reported quarterly EPS of $0.37, missing analysts’ consensus estimate of $0.42 by $0.05. The company posted a 4.90% net margin and 21.23% return on equity.
• Shares fell 3.6% to $26.12 following the results, with the stock trading well below its 52-week high of $35.47.
• HSBC downgraded the stock to “Reduce,” and analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $42.00.

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

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

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

Analyst Ratings Changes

Separately, HSBC lowered shares of Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 price objective for the company. in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $42.00.

About Wal-Mart de Mexico SAB de CV

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.

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