Equities analysts expect that Fomento Economico Mexicano SAB (NYSE:FMX) will post sales of $6.57 billion for the current quarter, according to Zacks. Two analysts have issued estimates for Fomento Economico Mexicano SAB’s earnings. The highest sales estimate is $6.86 billion and the lowest is $6.29 billion. Fomento Economico Mexicano SAB posted sales of $5.54 billion in the same quarter last year, which would indicate a positive year over year growth rate of 18.6%. The firm is expected to report its next earnings report 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 year, with estimates ranging from $24.07 billion to $26.45 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $26.91 billion per share, with estimates ranging from $25.25 billion to $29.31 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Fomento Economico Mexicano SAB.
FMX has been the topic of several analyst reports. BidaskClub raised shares of Fomento Economico Mexicano SAB from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Morgan Stanley initiated coverage on shares of Fomento Economico Mexicano SAB in a research report on Thursday, September 14th. They issued an “overweight” rating and a $120.00 target price on the stock. Finally, J P Morgan Chase & Co raised shares of Fomento Economico Mexicano SAB from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $98.00 to $117.00 in a research report on Monday, October 2nd. Two research 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 stock currently has an average rating of “Buy” and a consensus price target of $114.40.
Fomento Economico Mexicano SAB (FMX) traded up $1.86 during trading on Tuesday, hitting $95.60. 558,700 shares of the stock traded hands, compared to its average volume of 425,999. The stock has a market capitalization of $33,542.29, a P/E ratio of 13.18, a P/E/G ratio of 0.86 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 1-year low of $73.45 and a 1-year high of $103.82.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fomento Economico Mexicano SAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Economico Mexicano SAB and related companies with MarketBeat.com's FREE daily email newsletter.