Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) posted its quarterly earnings data on Tuesday. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05), Zacks reports. Wal-Mart de Mexico SAB de CV had a net margin of 4.90% and a return on equity of 21.23%.

Wal-Mart de Mexico SAB de CV Stock Down 3.6%

Shares of WMMVY traded down $0.98 during trading hours on Tuesday, reaching $26.12. 192,444 shares of the company traded hands, compared to its average volume of 152,986. The stock has a market capitalization of $45.19 billion, a P/E ratio of 16.32, a P/E/G ratio of 5.94 and a beta of 0.63. Wal-Mart de Mexico SAB de CV has a 12-month low of $24.80 and a 12-month high of $35.47. The business has a fifty day moving average price of $26.83 and a 200-day moving average price of $30.13.

Wall Street Analysts Forecast Growth

Separately, HSBC cut shares of Wal-Mart de Mexico SAB de CV to a “reduce” rating and set a $42.00 target price for the company. in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $42.00.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México, SAB. de C.V., commonly known as Walmex, is a retail company that operates Walmart’s business in Mexico and Central America. The company sells groceries, fresh food, household products, apparel, electronics, appliances, health and beauty products, and other general merchandise through a variety of store formats.

Walmex operates stores under brands including Walmart, Walmart Express, Bodega Aurrera and Sam’s Club. Bodega Aurrera serves value-oriented consumers, while Walmart and Walmart Express offer full-service and smaller-format shopping experiences.