Wall Street brokerages forecast that Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) will report earnings of $0.83 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Fomento Economico Mexicano S.A.B. de C.V.’s earnings. The lowest EPS estimate is $0.76 and the highest is $0.90. Fomento Economico Mexicano S.A.B. de C.V. posted earnings per share of $0.74 in the same quarter last year, which suggests a positive year-over-year growth rate of 12.2%. The company is expected to report its next quarterly earnings report before the market opens on Tuesday, July 25th.

On average, analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will report full-year earnings of $3.40 per share for the current year, with EPS estimates ranging from $3.22 to $3.65. For the next year, analysts anticipate that the business will post earnings of $3.99 per share, with EPS estimates ranging from $3.64 to $4.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Fomento Economico Mexicano S.A.B. de C.V..

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last released its quarterly earnings data on Friday, April 28th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.13. The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.75 billion. Fomento Economico Mexicano S.A.B. de C.V. had a return on equity of 8.59% and a net margin of 5.59%.

FMX has been the topic of a number of research analyst reports. Citigroup Inc downgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 13th. BidaskClub upgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a research note on Friday. Barclays PLC reduced their price objective on shares of Fomento Economico Mexicano S.A.B. de C.V. from $106.00 to $92.00 and set an “overweight” rating on the stock in a research note on Monday, May 1st. Finally, Gabelli initiated coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research note on Monday. They set a “buy” rating and a $112.00 price objective on the stock. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $105.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of FMX. Comgest Global Investors S.A.S. increased its position in Fomento Economico Mexicano S.A.B. de C.V. by 4.9% in the first quarter. Comgest Global Investors S.A.S. now owns 2,946,851 shares of the company’s stock worth $260,855,000 after buying an additional 138,800 shares during the period. OppenheimerFunds Inc. increased its position in Fomento Economico Mexicano S.A.B. de C.V. by 1.8% in the first quarter. OppenheimerFunds Inc. now owns 2,733,896 shares of the company’s stock worth $242,005,000 after buying an additional 48,486 shares during the last quarter. FIL Ltd increased its position in Fomento Economico Mexicano S.A.B. de C.V. by 15.2% in the first quarter. FIL Ltd now owns 2,346,144 shares of the company’s stock worth $207,680,000 after buying an additional 309,600 shares during the last quarter. Schroder Investment Management Group increased its position in Fomento Economico Mexicano S.A.B. de C.V. by 302.3% in the first quarter. Schroder Investment Management Group now owns 1,402,999 shares of the company’s stock worth $127,013,000 after buying an additional 1,054,253 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its position in Fomento Economico Mexicano S.A.B. de C.V. by 3.4% in the first quarter. Artisan Partners Limited Partnership now owns 1,400,046 shares of the company’s stock worth $123,932,000 after buying an additional 46,083 shares during the last quarter. Hedge funds and other institutional investors own 23.98% of the company’s stock.

Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) traded down 0.46% during midday trading on Tuesday, reaching $102.76. 262,771 shares of the company were exchanged. The company has a market capitalization of $36.77 billion, a PE ratio of 30.95 and a beta of 0.57. Fomento Economico Mexicano S.A.B. de C.V. has a 52-week low of $73.45 and a 52-week high of $103.42. The stock’s 50-day moving average price is $97.07 and its 200-day moving average price is $88.30.

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Fomento Economico Mexicano S.A.B. de C.V. 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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