Coca-Cola FEMSA (NYSE:KOF) Releases Earnings Results, Beats Estimates By $0.22 EPS

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) posted its earnings results on Friday. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.22, Zacks reports. The company had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%.

Coca-Cola FEMSA Price Performance

NYSE:KOF traded up $0.10 during mid-day trading on Monday, reaching $88.49. 250,345 shares of the stock were exchanged, compared to its average volume of 196,090. The business has a fifty day moving average price of $78.93 and a 200 day moving average price of $82.89. The firm has a market capitalization of $148.72 billion, a PE ratio of 15.02, a PEG ratio of 0.62 and a beta of 0.83. Coca-Cola FEMSA has a 1-year low of $72.68 and a 1-year high of $102.28. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Citigroup raised Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and raised their price target for the company from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, Barclays lowered their price target 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. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $104.75.

Coca-Cola FEMSA Company Profile

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.