Fomento Economico Mexicano SAB (FMX) Expected to Post Earnings of $1.09 Per Share

Analysts expect Fomento Economico Mexicano SAB (NYSE:FMX) to report earnings of $1.09 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Fomento Economico Mexicano SAB’s earnings, with the highest EPS estimate coming in at $1.28 and the lowest estimate coming in at $0.89. Fomento Economico Mexicano SAB posted earnings per share of $0.90 in the same quarter last year, which indicates a positive year over year growth rate of 21.1%. The company is scheduled to issue its next earnings report on Monday, February 26th.

According to Zacks, analysts expect that Fomento Economico Mexicano SAB will report full-year earnings of $7.24 per share for the current fiscal year, with EPS estimates ranging from $7.00 to $7.52. For the next fiscal year, analysts anticipate that the business will report earnings of $3.88 per share, with EPS estimates ranging from $3.07 to $4.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Fomento Economico Mexicano SAB.

Several equities analysts recently weighed in on FMX shares. Morgan Stanley started coverage on Fomento Economico Mexicano SAB in a research report on Thursday, September 14th. They set an “overweight” rating and a $120.00 target price on the stock. Zacks Investment Research downgraded Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub upgraded Fomento Economico Mexicano SAB from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. Credit Suisse Group downgraded Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a report on Wednesday. Finally, Barclays cut their price objective on Fomento Economico Mexicano SAB from $115.00 to $114.00 and set an “overweight” rating on the stock in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $114.40.

Fomento Economico Mexicano SAB (NYSE FMX) traded down $2.00 during midday trading on Friday, reaching $93.60. The company had a trading volume of 372,300 shares, compared to its average volume of 425,779. Fomento Economico Mexicano SAB has a 1 year low of $73.45 and a 1 year high of $103.82. The stock has a market capitalization of $34,207.84, a P/E ratio of 13.45, a PEG ratio of 0.88 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.88 and a quick ratio of 1.55.

Several institutional investors have recently added to or reduced their stakes in FMX. Vanguard Group Inc. raised its holdings in shares of Fomento Economico Mexicano SAB by 13.3% in the 1st quarter. Vanguard Group Inc. now owns 156,624 shares of the company’s stock worth $13,864,000 after purchasing an additional 18,433 shares during the period. Beach Investment Management LLC. purchased a new stake in shares of Fomento Economico Mexicano SAB during the 2nd quarter valued at about $3,847,000. SG Americas Securities LLC purchased a new stake in shares of Fomento Economico Mexicano SAB during the 2nd quarter valued at about $1,160,000. BNP Paribas Arbitrage SA raised its holdings in shares of Fomento Economico Mexicano SAB by 1.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 23,936 shares of the company’s stock valued at $2,354,000 after buying an additional 381 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in shares of Fomento Economico Mexicano SAB by 55.1% during the 2nd quarter. William Blair Investment Management LLC now owns 1,087,301 shares of the company’s stock valued at $106,925,000 after buying an additional 386,233 shares during the period. Institutional investors own 21.23% of the company’s stock.

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Fomento Economico Mexicano SAB Company Profile

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

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