Brokerages predict that Fomento Economico Mexicano SAB (NYSE:FMX) will post $1.18 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Fomento Economico Mexicano SAB’s earnings. Fomento Economico Mexicano SAB reported earnings per share of $1.33 during the same quarter last year, which would suggest a negative year-over-year growth rate of 11.3%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, February 27th.
On average, analysts expect that Fomento Economico Mexicano SAB will report full-year earnings of $3.47 per share for the current financial year, with EPS estimates ranging from $3.20 to $3.65. For the next year, analysts expect that the business will report earnings of $4.11 per share, with EPS estimates ranging from $3.84 to $4.40. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Fomento Economico Mexicano SAB.
Separately, Citigroup raised Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating and set a $112.00 price target for the company in a research note on Tuesday, January 7th.
Shares of NYSE FMX opened at $95.26 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.52 and a quick ratio of 1.24. Fomento Economico Mexicano SAB has a one year low of $84.85 and a one year high of $100.35. The business’s 50-day moving average price is $94.41 and its two-hundred day moving average price is $92.22. The company has a market capitalization of $34.09 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 1.71 and a beta of 0.58.
Fomento Economico Mexicano SAB 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, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.
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