Fomento Económico Mexicano - FMX Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last year. There are currently 1 sell 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.

6 analysts have issued 1 year target prices for Fomento Económico Mexicano's stock. Their FMX share price forecasts range from $68.00 to $109.20. On average, they expect the company's stock price to reach $88.03 in the next twelve months. This suggests a possible upside of 15.5% 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 2022. Since then, FMX shares have decreased by 1.9% and is now trading at $76.24.
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Fomento Económico Mexicano saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 2,350,000 shares, a decline of 14.5% from the October 31st total of 2,750,000 shares. Based on an average daily trading volume, of 656,600 shares, the short-interest ratio is presently 3.6 days. Approximately 1.1% of the company's stock are short sold.
View Fomento Económico Mexicano's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our FMX earnings forecast.

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) announced its quarterly earnings data on Thursday, April, 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.33. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.26 billion. Fomento Económico Mexicano had a trailing twelve-month return on equity of 10.38% and a net margin of 4.56%.

Fomento Económico Mexicano declared a semi-annual dividend on Friday, October 21st. Stockholders of record on Friday, November 4th will be paid a dividend of $0.847 per share on Thursday, November 17th. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, November 3rd.
Read our dividend analysis for FMX.

Fomento Económico Mexicano (NYSE:FMX) pays an annual dividend of $1.71 per share and currently has a dividend yield of 2.19%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FMX will have a dividend payout ratio of 38.60% 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 Royal Bank of Canada (1.42%), Allspring Global Investments Holdings LLC (1.09%), BlackRock Inc. (0.85%), Comgest Global Investors S.A.S. (0.62%), Nuveen Asset Management LLC (0.48%) and Itau Unibanco Holding S.A. (0.45%).

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 $76.24.

Fomento Económico Mexicano (NYSE:FMX) has a market capitalization of $27.28 billion and generates $27.44 billion in revenue each year. The company earns $1.39 billion in net income (profit) each year or $3.71 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.