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

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

Fomento Económico Mexicano Trading Down 0.9 %

FMX stock traded down $0.83 during mid-day trading on Monday, reaching $93.25. The company's stock had a trading volume of 553,995 shares, compared to its average volume of 529,237. Fomento Económico Mexicano has a 12 month low of $81.07 and a 12 month high of $131.56. 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 business's 50 day moving average price is $86.63 and its 200 day moving average price is $93.41. The company has a market cap of $33.36 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 5.26 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 paid a dividend of $0.9201 per share. The ex-dividend date of this dividend was Friday, January 17th. This is a boost from Fomento Económico Mexicano's previous dividend of $0.74. Fomento Económico Mexicano's dividend payout ratio (DPR) is currently 11.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price objective 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. Barclays lowered shares of Fomento Económico Mexicano from an "overweight" rating to an "equal weight" rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th.

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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.