Analysts predict that Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) will report sales of $6.36 billion for the current quarter, according to Zacks. Two analysts have made estimates for Fomento Economico Mexicano S.A.B. de C.V.’s earnings, with the highest sales estimate coming in at $6.59 billion and the lowest estimate coming in at $6.13 billion. Fomento Economico Mexicano S.A.B. de C.V. reported sales of $5.35 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 18.9%. The company is scheduled to issue its next earnings report after the market closes on Thursday, October 26th.

On average, analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will report full year sales of $6.36 billion for the current fiscal year, with estimates ranging from $24.79 billion to $26.45 billion. For the next financial year, analysts anticipate that the company will post sales of $28.08 billion per share, with estimates ranging from $26.90 billion to $29.31 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover 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 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 return on equity of 8.42% and a net margin of 5.26%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.49 billion.

Several equities research analysts have recently issued reports on FMX shares. BidaskClub raised Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research raised Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Wednesday, September 20th. Barclays PLC decreased their target price on Fomento Economico Mexicano S.A.B. de C.V. from $115.00 to $114.00 and set an “overweight” rating for the company in a research report on Wednesday, October 11th. Finally, Morgan Stanley started coverage on Fomento Economico Mexicano S.A.B. de C.V. in a research report on Thursday, September 14th. They set an “overweight” rating and a $120.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $114.40.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE FMX) opened at 90.71 on Monday. 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. The firm’s 50-day moving average is $96.37 and its 200-day moving average is $96.17. The company has a market capitalization of $32.46 billion, a PE ratio of 26.76 and a beta of 0.55.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FIL Ltd increased its holdings in Fomento Economico Mexicano S.A.B. de C.V. by 0.7% in the 2nd quarter. FIL Ltd now owns 2,363,219 shares of the company’s stock worth $232,399,000 after acquiring an additional 17,075 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Fomento Economico Mexicano S.A.B. de C.V. by 5.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,481,355 shares of the company’s stock worth $145,676,000 after acquiring an additional 81,309 shares during the last quarter. Schroder Investment Management Group increased its holdings in Fomento Economico Mexicano S.A.B. de C.V. by 5.1% in the 2nd quarter. Schroder Investment Management Group now owns 1,474,603 shares of the company’s stock worth $142,829,000 after acquiring an additional 71,604 shares during the last quarter. BlackRock Inc. purchased a new stake in Fomento Economico Mexicano S.A.B. de C.V. in the 1st quarter worth about $118,653,000. Finally, William Blair Investment Management LLC increased its holdings in Fomento Economico Mexicano S.A.B. de C.V. by 55.1% in the 2nd quarter. William Blair Investment Management LLC now owns 1,087,301 shares of the company’s stock worth $106,925,000 after acquiring an additional 386,233 shares during the last quarter. 21.57% of the stock is owned by institutional investors.

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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