Zacks: Analysts Expect Fomento Economico Mexicano SAB (FMX) Will Post Quarterly Sales of $6.57 Billion
Equities analysts expect that Fomento Economico Mexicano SAB (NYSE:FMX) will report $6.57 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Fomento Economico Mexicano SAB’s earnings, with estimates ranging from $6.29 billion to $6.86 billion. Fomento Economico Mexicano SAB reported sales of $5.54 billion in the same quarter last year, which would suggest a positive year over year growth rate of 18.6%. The business is scheduled to announce its next quarterly earnings results on Monday, February 26th.
According to Zacks, analysts expect that Fomento Economico Mexicano SAB will report full-year sales of $6.57 billion for the current fiscal year, with estimates ranging from $24.07 billion to $26.45 billion. For the next financial year, analysts anticipate that the firm will report sales of $26.91 billion per share, with estimates ranging from $25.25 billion to $29.31 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Fomento Economico Mexicano SAB.
FMX has been the subject of several research reports. Zacks Investment Research raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Wednesday, September 20th. ValuEngine raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Credit Suisse Group lowered Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 20th. JPMorgan Chase & Co. raised Fomento Economico Mexicano SAB from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $98.00 to $117.00 in a research note on Monday, October 2nd. Finally, Morgan Stanley initiated coverage on Fomento Economico Mexicano SAB in a research note on Thursday, September 14th. They set an “overweight” rating and a $120.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $114.40.
Fomento Economico Mexicano SAB (NYSE:FMX) opened at $95.39 on Thursday. The stock has a market capitalization of $31,480.00, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.61 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 1.88. Fomento Economico Mexicano SAB has a one year low of $73.45 and a one year high of $103.82.
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About Fomento Economico Mexicano SAB
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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