Fomento Económico Mexicano (NYSE:FMX - Get Free Report) released its quarterly earnings data on Monday. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07), Zacks reports. The business had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $194.75 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%.
Fomento Económico Mexicano Stock Performance
Fomento Económico Mexicano stock traded down $3.06 during midday trading on Thursday, reaching $102.25. The stock had a trading volume of 367,122 shares, compared to its average volume of 625,540. Fomento Económico Mexicano has a 12 month low of $81.08 and a 12 month high of $123.09. The firm's 50-day moving average price is $98.70 and its 200 day moving average price is $92.60. The firm has a market capitalization of $36.58 billion, a PE ratio of 26.22, a P/E/G ratio of 5.26 and a beta of 0.68. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37.
Fomento Económico Mexicano Increases Dividend
The company also recently disclosed a dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 25th will be paid a $1.628 dividend. This is a boost from Fomento Económico Mexicano's previous dividend of $0.92. This represents a yield of 1.57%. The ex-dividend date is Thursday, April 24th. Fomento Económico Mexicano's payout ratio is currently 10.96%.
Analysts Set New Price Targets
A number of research analysts have recently commented on FMX shares. Barclays increased their price target on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group dropped their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a research note on Tuesday, January 28th. StockNews.com downgraded Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday. Itau BBA Securities upgraded Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. Finally, UBS Group upped their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, March 14th. Four research 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, the company currently has a consensus rating of "Hold" and a consensus price target of $103.95.
View Our Latest Research Report on Fomento Económico Mexicano
About Fomento Económico Mexicano
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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.
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