Fomento Económico Mexicano (FMX) to Release Quarterly Earnings on Friday

Fomento Económico Mexicano (NYSE:FMX) will be issuing its quarterly earnings data before the market opens on Friday, April 26th. Parties interested in participating in the company’s conference call can do so using this link.

Fomento Económico Mexicano (NYSE:FMX) last posted its earnings results on Friday, February 23rd. The company reported $1.07 EPS for the quarter. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $11.21 billion. Fomento Económico Mexicano had a return on equity of 9.63% and a net margin of 8.53%. On average, analysts expect Fomento Económico Mexicano to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Fomento Económico Mexicano Stock Up 0.1 %

NYSE:FMX opened at $119.07 on Friday. The stock has a 50 day moving average of $127.69 and a 200-day moving average of $124.96. Fomento Económico Mexicano has a 52 week low of $91.71 and a 52 week high of $143.43. The company has a quick ratio of 1.60, a current ratio of 1.91 and a debt-to-equity ratio of 0.33.

Fomento Económico Mexicano Increases Dividend

The business also recently announced an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Wednesday, April 17th will be issued a dividend of $1.115 per share. The ex-dividend date is Tuesday, April 16th. This is a positive change from Fomento Económico Mexicano’s previous annual dividend of $0.74. This represents a dividend yield of 0.87%. Fomento Económico Mexicano’s dividend payout ratio is 6.11%.

Hedge Funds Weigh In On Fomento Económico Mexicano

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in shares of Fomento Económico Mexicano by 674.3% in the first quarter. Bank of New York Mellon Corp now owns 51,178 shares of the company’s stock valued at $4,239,000 after purchasing an additional 44,568 shares during the last quarter. American Century Companies Inc. grew its position in shares of Fomento Económico Mexicano by 8.0% in the first quarter. American Century Companies Inc. now owns 15,776 shares of the company’s stock valued at $1,307,000 after purchasing an additional 1,162 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Fomento Económico Mexicano in the first quarter valued at about $202,000. BlackRock Inc. grew its position in shares of Fomento Económico Mexicano by 22.2% in the first quarter. BlackRock Inc. now owns 2,019,228 shares of the company’s stock valued at $167,294,000 after purchasing an additional 366,751 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Fomento Económico Mexicano by 24.6% in the first quarter. Dimensional Fund Advisors LP now owns 390,008 shares of the company’s stock valued at $32,314,000 after buying an additional 77,073 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FMX shares. StockNews.com lowered Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Bank of America reissued a “neutral” rating on shares of Fomento Económico Mexicano in a report on Monday, February 26th. UBS Group lowered Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a report on Friday, January 12th. Finally, HSBC raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating and increased their price objective for the stock from $124.00 to $152.00 in a report on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $135.75.

About Fomento Económico Mexicano

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.