America Movil (NYSE:AMX) Releases Earnings Results, Misses Expectations By $0.50 EPS

America Movil (NYSE:AMX) issued its quarterly earnings results on Tuesday. The Wireless communications provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.50), FiscalAI reports. The company had revenue of $14.07 billion for the quarter, compared to the consensus estimate of $13.72 billion. America Movil had a net margin of 9.23% and a return on equity of 19.77%.

America Movil Stock Performance

AMX stock traded down $0.01 on Wednesday, hitting $26.07. The company had a trading volume of 2,895,454 shares, compared to its average volume of 1,860,905. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. America Movil has a 12-month low of $17.05 and a 12-month high of $28.46. The stock has a market cap of $78.49 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 0.83 and a beta of 0.66. The stock’s 50-day simple moving average is $26.15 and its 200 day simple moving average is $24.66.

America Movil Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th will be issued a $0.3078 dividend. The ex-dividend date is Tuesday, July 14th. America Movil’s dividend payout ratio (DPR) is currently 37.58%.

Hedge Funds Weigh In On America Movil

Several hedge funds and other institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC raised its stake in America Movil by 0.6% during the 4th quarter. Corient Private Wealth LLC now owns 66,871 shares of the Wireless communications provider’s stock valued at $1,377,000 after purchasing an additional 419 shares during the period. Axxcess Wealth Management LLC boosted its stake in America Movil by 1.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 36,505 shares of the Wireless communications provider’s stock worth $755,000 after purchasing an additional 430 shares during the period. Orion Porfolio Solutions LLC boosted its stake in America Movil by 3.6% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock worth $273,000 after purchasing an additional 455 shares during the period. Arax Advisory Partners boosted its stake in America Movil by 34.0% in the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after purchasing an additional 612 shares during the period. Finally, Bank of Montreal Can grew its holdings in America Movil by 2.5% during the 4th quarter. Bank of Montreal Can now owns 29,945 shares of the Wireless communications provider’s stock valued at $619,000 after buying an additional 722 shares in the last quarter. 6.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMX. Wall Street Zen downgraded shares of America Movil from a “strong-buy” rating to a “buy” rating in a research note on Monday. Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Scotiabank reduced their target price on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. UBS Group boosted their price target on America Movil to $31.50 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, New Street Research reaffirmed a “buy” rating and set a $35.00 price target on shares of America Movil in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.16.

America Movil Company Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.