Fomento Económico Mexicano (NYSE:FMX) Issues Quarterly Earnings Results, Misses Expectations By $1.05 EPS

Fomento Económico Mexicano (NYSE:FMX) announced its earnings results on Thursday. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $1.51 by ($1.05), Zacks reports. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. The company had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $201.67 billion.

Fomento Económico Mexicano Stock Down 0.1 %

Shares of FMX traded down $0.05 during trading hours on Friday, reaching $94.04. The stock had a trading volume of 864,738 shares, compared to its average volume of 528,604. Fomento Económico Mexicano has a 12 month low of $81.07 and a 12 month high of $131.56. The firm has a 50-day simple moving average of $86.63 and a 200 day simple moving average of $93.67. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $33.65 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 5.26 and a beta of 0.90.

Fomento Económico Mexicano Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.9201 dividend. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date of this dividend was Friday, January 17th. Fomento Económico Mexicano’s dividend payout ratio (DPR) is currently 11.79%.

Wall Street Analyst Weigh In

Several brokerages recently commented on FMX. Barclays cut Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 21st. The Goldman Sachs Group cut their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th.

About Fomento Económico Mexicano

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 in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.