Wall Street brokerages expect that Fomento Economico Mexicano SAB (NYSE:FMX) will report sales of $6.2 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Fomento Economico Mexicano SAB’s earnings, with the lowest sales estimate coming in at $5.97 billion and the highest estimate coming in at $6.42 billion. Fomento Economico Mexicano SAB posted sales of $5.23 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.5%. The firm is scheduled to report its next quarterly earnings results on Wednesday, July 26th.

According to Zacks, analysts expect that Fomento Economico Mexicano SAB will report full year sales of $6.2 billion for the current year, with estimates ranging from $22.96 billion to $25.8 billion. For the next year, analysts forecast that the firm will report sales of $26.57 billion per share, with estimates ranging from $24.8 billion to $28.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Fomento Economico Mexicano SAB.

Fomento Economico Mexicano SAB (NYSE:FMX) last posted its quarterly earnings results on Friday, April 28th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by $0.13. The company earned $5.42 billion during the quarter, compared to the consensus estimate of $5.75 billion. Fomento Economico Mexicano SAB had a return on equity of 8.47% and a net margin of 5.72%.

Several brokerages recently issued reports on FMX. Barclays PLC dropped their target price on shares of Fomento Economico Mexicano SAB from $106.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday, May 1st. Zacks Investment Research upgraded shares of Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a report on Thursday, March 2nd.

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Fomento Economico Mexicano SAB (NYSE:FMX) traded up 0.60% during midday trading on Friday, hitting $89.45. 267,623 shares of the company were exchanged. The stock has a 50 day moving average of $90.57 and a 200-day moving average of $83.89. The stock has a market capitalization of $32.01 billion, a price-to-earnings ratio of 28.58 and a beta of 0.67. Fomento Economico Mexicano SAB has a 1-year low of $73.45 and a 1-year high of $100.57.

The firm also recently declared a semiannual dividend, which will be paid on Monday, May 15th. Stockholders of record on Thursday, May 4th will be paid a dividend of $0.687 per share. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, May 2nd. This is a boost from Fomento Economico Mexicano SAB’s previous semiannual dividend of $0.68. Fomento Economico Mexicano SAB’s dividend payout ratio (DPR) is currently 50.19%.

Several hedge funds and other institutional investors have recently modified their holdings of FMX. Zevin Asset Management LLC boosted its position in shares of Fomento Economico Mexicano SAB by 1.8% in the first quarter. Zevin Asset Management LLC now owns 15,965 shares of the company’s stock valued at $1,413,000 after buying an additional 285 shares in the last quarter. Mizuho Securities USA Inc. acquired a new position in shares of Fomento Economico Mexicano SAB during the first quarter valued at $961,000. TD Asset Management Inc. boosted its position in shares of Fomento Economico Mexicano SAB by 4.2% in the first quarter. TD Asset Management Inc. now owns 28,976 shares of the company’s stock valued at $2,565,000 after buying an additional 1,179 shares in the last quarter. Sei Investments Co. boosted its position in shares of Fomento Economico Mexicano SAB by 0.4% in the first quarter. Sei Investments Co. now owns 299,300 shares of the company’s stock valued at $26,494,000 after buying an additional 1,306 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Fomento Economico Mexicano SAB during the first quarter valued at $2,648,000. Institutional investors and hedge funds own 22.83% of the company’s stock.

Fomento Economico Mexicano SAB Company Profile

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

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