Fomento Económico Mexicano (NYSE:FMX) Releases Earnings Results, Misses Estimates By $0.07 EPS

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07), Zacks reports. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The company had revenue of $9.65 billion during the quarter, compared to analyst estimates of $194.75 billion.

Fomento Económico Mexicano Trading Down 0.9 %

Fomento Económico Mexicano stock traded down $0.89 during midday trading on Friday, reaching $101.26. The stock had a trading volume of 405,398 shares, compared to its average volume of 624,981. Fomento Económico Mexicano has a twelve month low of $81.08 and a twelve month high of $123.09. 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 firm has a market cap of $36.23 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 5.26 and a beta of 0.68. The firm's fifty day simple moving average is $99.20 and its two-hundred day simple moving average is $92.65.

Fomento Económico Mexicano Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 25th will be issued a dividend of $1.628 per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 1.57%. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.92. Fomento Económico Mexicano's payout ratio is currently 10.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FMX shares. UBS Group increased their price target on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Itau BBA Securities raised Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. Barclays boosted their price target on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. StockNews.com lowered shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, The Goldman Sachs Group dropped their target price on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Fomento Económico Mexicano presently has a consensus rating of "Hold" and an average price target of $103.95.

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.