Zacks: Brokerages Anticipate Fomento Economico Mexicano SAB (NYSE:FMX) Will Announce Earnings of $1.19 Per Share

Wall Street brokerages expect Fomento Economico Mexicano SAB (NYSE:FMX) to post $1.19 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Fomento Economico Mexicano SAB’s earnings. Fomento Economico Mexicano SAB posted earnings per share of $0.72 in the same quarter last year, which would indicate a positive year-over-year growth rate of 65.3%. The company is scheduled to announce its next earnings results on Friday, October 25th.

On average, analysts expect that Fomento Economico Mexicano SAB will report full-year earnings of $3.74 per share for the current financial year, with EPS estimates ranging from $3.08 to $4.22. For the next fiscal year, analysts anticipate that the company will post earnings of $4.26 per share, with EPS estimates ranging from $3.99 to $4.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Fomento Economico Mexicano SAB.

Fomento Economico Mexicano SAB (NYSE:FMX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $6.71 billion for the quarter. Fomento Economico Mexicano SAB had a return on equity of 6.88% and a net margin of 4.72%.

A number of equities research analysts have commented on FMX shares. Scotiabank lowered Fomento Economico Mexicano SAB from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 26th. ValuEngine lowered Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $100.00.

Several institutional investors have recently made changes to their positions in the stock. Rehmann Capital Advisory Group boosted its position in shares of Fomento Economico Mexicano SAB by 32.7% during the 1st quarter. Rehmann Capital Advisory Group now owns 548 shares of the company’s stock valued at $51,000 after purchasing an additional 135 shares in the last quarter. Northcape Capital Pty Ltd boosted its position in shares of Fomento Economico Mexicano SAB by 1.4% during the 1st quarter. Northcape Capital Pty Ltd now owns 12,876 shares of the company’s stock valued at $1,188,000 after purchasing an additional 178 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in shares of Fomento Economico Mexicano SAB by 54.6% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 555 shares of the company’s stock valued at $54,000 after purchasing an additional 196 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Fomento Economico Mexicano SAB by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,011 shares of the company’s stock valued at $774,000 after purchasing an additional 250 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Fomento Economico Mexicano SAB by 1.8% during the 2nd quarter. Comerica Bank now owns 14,602 shares of the company’s stock valued at $1,393,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 20.21% of the company’s stock.

Shares of NYSE FMX traded down $1.60 during trading on Tuesday, reaching $89.98. The company had a trading volume of 383,244 shares, compared to its average volume of 342,298. The company’s fifty day moving average price is $91.27 and its 200-day moving average price is $94.20. Fomento Economico Mexicano SAB has a 12 month low of $80.86 and a 12 month high of $100.35. The stock has a market cap of $32.68 billion, a P/E ratio of 26.08, a PEG ratio of 1.54 and a beta of 0.62. The company has a quick ratio of 1.10, a current ratio of 1.40 and a debt-to-equity ratio of 0.43.

Fomento Economico Mexicano SAB Company Profile

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, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.

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Earnings History and Estimates for Fomento Economico Mexicano SAB (NYSE:FMX)

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