Equities research analysts expect Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) to report $6.60 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Fomento Economico Mexicano S.A.B. de C.V.’s earnings. The highest sales estimate is $6.79 billion and the lowest is $6.42 billion. Fomento Economico Mexicano S.A.B. de C.V. reported sales of $5.35 billion in the same quarter last year, which would suggest a positive year over year growth rate of 23.4%. The firm is expected to report its next earnings report on Friday, October 27th.

According to Zacks, analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will report full year sales of $6.60 billion for the current fiscal year, with estimates ranging from $25.98 billion to $26.45 billion. For the next fiscal year, analysts anticipate that the company will report sales of $28.60 billion per share, with estimates ranging from $28.03 billion to $29.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Fomento Economico Mexicano S.A.B. de C.V..

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.72 EPS for the quarter, missing the Zacks’ 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 company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.49 billion.

A number of equities research analysts have recently weighed in on FMX shares. Zacks Investment Research downgraded Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub raised 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. Gabelli started coverage on Fomento Economico Mexicano S.A.B. de C.V. in a research note on Monday, July 17th. They set a “buy” rating and a $112.00 price target for the company. Finally, Citigroup Inc. downgraded 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. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $108.75.

Several hedge funds have recently modified their holdings of FMX. Permit Capital LLC raised its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 12.8% in the 2nd quarter. Permit Capital LLC now owns 1,100 shares of the company’s stock valued at $109,000 after acquiring an additional 125 shares in the last quarter. Intrust Bank NA bought a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter valued at approximately $200,000. OxFORD Asset Management LLP bought a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter valued at approximately $201,000. Laurel Wealth Advisors Inc. bought a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter valued at approximately $202,000. Finally, Quantum Capital Management bought a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter valued at approximately $206,000. 21.58% of the stock is currently owned by institutional investors and hedge funds.

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Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) traded down 1.94% on Friday, hitting $97.46. 361,822 shares of the stock were exchanged. The company’s 50-day moving average is $99.83 and its 200-day moving average is $94.75. The company has a market cap of $34.87 billion, a PE ratio of 29.09 and a beta of 0.58. Fomento Economico Mexicano S.A.B. de C.V. has a 52 week low of $73.45 and a 52 week high of $103.82.

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

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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