Fomento Económico Mexicano (FMX) to Release Earnings on Thursday

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.51 per share and revenue of $201.67 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Fomento Económico Mexicano Trading Down 1.5 %

Shares of NYSE:FMX traded down $1.34 during midday trading on Friday, hitting $89.27. 467,127 shares of the stock were exchanged, compared to its average volume of 491,642. The business's 50-day moving average price is $86.19 and its 200 day moving average price is $94.44. Fomento Económico Mexicano has a 12 month low of $81.07 and a 12 month high of $134.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. The stock has a market capitalization of $31.94 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 5.27 and a beta of 0.90.

Fomento Económico Mexicano Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were given a dividend of $0.9201 per share. The ex-dividend date was Friday, January 17th. This is an increase from Fomento Económico Mexicano's previous dividend of $0.74. Fomento Económico Mexicano's dividend payout ratio (DPR) is currently 11.79%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FMX. StockNews.com raised shares of Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lowered their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Finally, Barclays cut Fomento Económico Mexicano from an "overweight" rating to an "equal weight" rating in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $108.27.

Fomento Económico Mexicano Company Profile

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.