Equities analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) will post $1.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Fomento Economico Mexicano S.A.B. de C.V.’s earnings. The lowest EPS estimate is $1.07 and the highest is $1.21. Fomento Economico Mexicano S.A.B. de C.V. reported earnings of $0.58 per share in the same quarter last year, which suggests a positive year over year growth rate of 96.6%. The company is expected to issue its next quarterly earnings results on Friday, October 27th.

On average, analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will report full-year earnings of $3.47 per share for the current year, with EPS estimates ranging from $3.22 to $3.65. For the next fiscal year, analysts expect that the business will report earnings of $4.13 per share, with EPS estimates ranging from $3.72 to $4.61. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Fomento Economico Mexicano S.A.B. de C.V..

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.83 by $0.11. Fomento Economico Mexicano S.A.B. de C.V. had a net margin of 5.26% and a return on equity of 8.42%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.49 billion.

A number of equities research analysts have commented on FMX shares. Barclays PLC cut their target price on shares of Fomento Economico Mexicano S.A.B. de C.V. from $106.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, May 1st. 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 report on Tuesday, June 13th. BidaskClub raised shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research report on Friday, July 14th. Finally, Gabelli started coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research report on Monday, July 17th. They issued a “buy” rating and a $112.00 target price for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Fomento Economico Mexicano S.A.B. de C.V. presently has an average rating of “Buy” and an average price target of $105.33.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE FMX) opened at 99.71 on Tuesday. Fomento Economico Mexicano S.A.B. de C.V. has a one year low of $73.45 and a one year high of $103.82. The firm’s 50-day moving average price is $98.91 and its 200 day moving average price is $90.15. The company has a market capitalization of $35.68 billion, a price-to-earnings ratio of 28.99 and a beta of 0.57.

Several large investors have recently modified their holdings of FMX. First Trust Advisors LP acquired a new stake in shares of Fomento Economico Mexicano S.A.B. de C.V. during the first quarter worth about $240,000. British Airways Pensions Investment Management Ltd increased its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 3.9% in the first quarter. British Airways Pensions Investment Management Ltd now owns 68,706 shares of the company’s stock worth $6,079,000 after buying an additional 2,596 shares during the last quarter. Deltec Asset Management LLC acquired a new stake in shares of Fomento Economico Mexicano S.A.B. de C.V. during the first quarter worth about $2,788,000. Russell Investments Group Ltd. increased its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 573,586 shares of the company’s stock worth $50,814,000 after buying an additional 27,233 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 76.6% in the first quarter. Profund Advisors LLC now owns 24,329 shares of the company’s stock worth $2,154,000 after buying an additional 10,552 shares during the last quarter. 23.85% of the stock is owned by hedge funds and other institutional investors.

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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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