Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Down - Here's Why

Key Points

• Wal-Mart de Mexico SAB de CV shares gapped down from a closing price of $29.92 to $29.10 at the market open, with the last traded price at $30.17.
• Scotiabank downgraded the company from a "strong-buy" to a "hold" rating, while the average analyst rating remains a "Buy" as one analyst maintains a Strong Buy rating.
• The company missed earnings expectations with an EPS of $0.33 compared to the consensus estimate of $0.39, reporting a revenue of $12.63 billion versus a projected $12.75 billion.

Shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $29.92, but opened at $29.10. Wal-Mart de Mexico SAB de CV shares last traded at $30.17, with a volume of 2,867 shares.

Wall Street Analyst Weigh In

Separately, Scotiabank cut Wal-Mart de Mexico SAB de CV from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy".

Wal-Mart de Mexico SAB de CV Stock Performance

The business has a fifty day simple moving average of $30.03 and a two-hundred day simple moving average of $30.54. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.34. The company has a market cap of $53.72 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 6.64 and a beta of 0.80.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). Wal-Mart de Mexico SAB de CV had a net margin of 5.22% and a return on equity of 22.23%. The business had revenue of $12.63 billion for the quarter, compared to analysts' expectations of $12.75 billion. Research analysts anticipate that Wal-Mart de Mexico SAB de CV will post 1.68 earnings per share for the current year.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México, SAB. de C.V. owns and operates self-service stores in Mexico and Central America. The company operates discount warehouses and stores, hypermarkets, supermarkets, and membership self-service wholesale stores. It operates Bodega Aurrerá discount stores, Walmart hypermarkets, Walmart Express supermarkets, and Sam's Club membership self-service wholesale stores.

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