Coca-Cola FEMSA (NYSE:KOF) Announces Quarterly Earnings Results, Beats Expectations By $0.22 EPS

Coca-Cola FEMSA (NYSE:KOF) posted its quarterly earnings data on Friday. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.22, Zacks reports. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%.

Coca-Cola FEMSA Stock Up 3.9 %

Shares of NYSE KOF opened at $88.27 on Friday. The firm has a market cap of $148.36 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.62 and a beta of 0.83. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a 52-week low of $72.68 and a 52-week high of $102.28. The business’s 50 day moving average is $78.78 and its two-hundred day moving average is $82.91.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KOF shares. Barclays lowered their target price on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $104.75.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.