Fomento Económico Mexicano - FMX Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last twelve months. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FMX shares.
View FMX analyst ratings or view top-rated stocks.

7 equities research analysts have issued twelve-month price objectives for Fomento Económico Mexicano's shares. Their FMX share price forecasts range from $68.00 to $92.00. On average, they anticipate the company's share price to reach $84.71 in the next twelve months. This suggests a possible upside of 37.5% from the stock's current price.
View analysts price targets for FMX or view top-rated stocks among Wall Street analysts.

Fomento Económico Mexicano's stock was trading at $77.71 at the beginning of the year. Since then, FMX stock has decreased by 20.7% and is now trading at $61.61.
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Fomento Económico Mexicano saw a decline in short interest in August. As of August 31st, there was short interest totaling 2,470,000 shares, a decline of 8.5% from the August 15th total of 2,700,000 shares. Based on an average daily trading volume, of 618,900 shares, the days-to-cover ratio is presently 4.0 days. Approximately 1.1% of the company's stock are sold short.
View Fomento Económico Mexicano's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our FMX earnings forecast.

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) issued its quarterly earnings results on Thursday, April, 26th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by $0.33. The firm had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.26 billion. Fomento Económico Mexicano had a net margin of 5.35% and a trailing twelve-month return on equity of 11.65%.

Fomento Económico Mexicano declared a semi-annual dividend on Thursday, April 21st. Investors of record on Wednesday, May 4th will be given a dividend of $0.8483 per share on Monday, May 16th. This represents a yield of 1.8%. The ex-dividend date is Tuesday, May 3rd. This is a positive change from the stock's previous semi-annual dividend of $0.57.
Read our dividend analysis for FMX.

Fomento Económico Mexicano (NYSE:FMX) pays an annual dividend of $1.65 per share and currently has a dividend yield of 2.59%. The dividend payout ratio is 35.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FMX will have a dividend payout ratio of 36.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FMX.

49 employees have rated Fomento Económico Mexicano Chief Executive Officer José A. Fernández Carbajal on Glassdoor.com. José A. Fernández Carbajal has an approval rating of 93% among the company's employees. This puts José A. Fernández Carbajal in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fomento Económico Mexicano investors own include PayPal (PYPL), SEA (SE), Verizon Communications (VZ), Alibaba Group (BABA), Pfizer (PFE), Invesco QQQ Trust (QQQ), Mastercard (MA), Netflix (NFLX), Tesla (TSLA) and Broadcom (AVGO).

Fomento Económico Mexicano trades on the New York Stock Exchange (NYSE) under the ticker symbol "FMX."

Fomento Económico Mexicano's stock is owned by many different institutional and retail investors. Top institutional investors include abrdn plc (1.21%), Allspring Global Investments Holdings LLC (1.11%), Mitsubishi UFJ Trust & Banking Corp (0.56%), Comgest Global Investors S.A.S. (0.56%), JPMorgan Chase & Co. (0.50%) and Black Creek Investment Management Inc. (0.40%).

Shares of FMX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FMX stock can currently be purchased for approximately $61.61.

Fomento Económico Mexicano (NYSE:FMX) has a market capitalization of $22.05 billion and generates $27.44 billion in revenue each year. The company earns $1.39 billion in net income (profit) each year or $4.60 on an earnings per share basis.

The company employs 320,752 workers across the globe.

Fomento Económico Mexicano's mailing address is GENE COLONIA BELLA VISTARAL ANAYA NO 601 PTE, MONTERREY N.L. O5, 64410. The official website for the company is www.femsa.com. The company can be reached via phone at 528183286000, via email at investor@femsa.com, or via fax at 01 81 83286080.