Fomento Economico Mexicano S.A.B. de C.V. (FMX) Expected to Post Quarterly Sales of $6.65 Billion

Analysts predict that Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) will report $6.65 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Fomento Economico Mexicano S.A.B. de C.V.’s earnings, with the highest sales estimate coming in at $7.01 billion and the lowest estimate coming in at $6.29 billion. Fomento Economico Mexicano S.A.B. de C.V. posted sales of $5.54 billion during the same quarter last year, which would indicate a positive year over year growth rate of 20%. The business is expected to issue its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will report full year sales of $6.65 billion for the current year, with estimates ranging from $24.07 billion to $26.45 billion. For the next fiscal year, analysts anticipate that the business will post sales of $27.66 billion per share, with estimates ranging from $25.25 billion to $29.31 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Fomento Economico Mexicano S.A.B. de C.V..

FMX has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research report on Thursday, September 14th. BidaskClub lowered shares of Fomento Economico Mexicano S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Gabelli initiated coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research report on Monday, July 17th. They set a “buy” rating and a $112.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $114.40.

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Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) traded down $0.79 during midday trading on Friday, hitting $86.03. 367,500 shares of the company traded hands, compared to its average volume of 547,878. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.88 and a quick ratio of 1.55. The firm has a market cap of $30,783.51, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.68 and a beta of 0.52. Fomento Economico Mexicano S.A.B. de C.V. has a twelve month low of $73.45 and a twelve month high of $103.82.

The business also recently announced a semiannual dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be given a $0.6759 dividend. The ex-dividend date is Friday, November 3rd. This represents a yield of 1.52%. Fomento Economico Mexicano S.A.B. de C.V.’s dividend payout ratio is currently 18.99%.

Institutional investors have recently modified their holdings of the business. Permit Capital LLC boosted its position in Fomento Economico Mexicano S.A.B. de C.V. by 12.8% in the second quarter. Permit Capital LLC now owns 1,100 shares of the company’s stock valued at $109,000 after buying an additional 125 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 453.3% during the third quarter. Quantbot Technologies LP now owns 1,101 shares of the company’s stock valued at $105,000 after acquiring an additional 902 shares during the last quarter. Intrust Bank NA bought a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. during the second quarter valued at $200,000. OxFORD Asset Management LLP bought a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. during the second quarter valued at $201,000. Finally, Laurel Wealth Advisors Inc. bought a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. during the second quarter valued at $202,000. Hedge funds and other institutional investors own 21.68% of the company’s stock.

About Fomento Economico Mexicano S.A.B. de C.V.

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

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