Media stories about Fomento Economico Mexicano SAB (NYSE:FMX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fomento Economico Mexicano SAB earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.4004085068244 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
FMX has been the topic of several research reports. ValuEngine cut shares of Fomento Economico Mexicano SAB from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 6th. Zacks Investment Research cut shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Gabelli restated a “buy” rating on shares of Fomento Economico Mexicano SAB in a research report on Monday, July 30th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Fomento Economico Mexicano SAB in a research report on Monday, August 6th. They issued an “overweight” rating on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Fomento Economico Mexicano SAB has a consensus rating of “Buy” and a consensus price target of $115.00.
Shares of FMX opened at $95.32 on Friday. Fomento Economico Mexicano SAB has a fifty-two week low of $80.86 and a fifty-two week high of $101.12. The firm has a market capitalization of $33.65 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.58 and a beta of 0.54. The company has a current ratio of 1.49, a quick ratio of 1.17 and a debt-to-equity ratio of 0.37.
Fomento Economico Mexicano SAB (NYSE:FMX) last posted its quarterly earnings data on Friday, July 27th. The company reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.27. Fomento Economico Mexicano SAB had a net margin of 9.31% and a return on equity of 13.91%. The business had revenue of $6.45 billion for the quarter, compared to analysts’ expectations of $6.36 billion. analysts anticipate that Fomento Economico Mexicano SAB will post 3.76 EPS for the current year.
Fomento Economico Mexicano SAB Company Profile
Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores. The company produces, markets, distributes, and sells Coca-Cola trademark beverages, including sparkling beverages, such as colas and flavored sparkling beverages; and waters and still beverages comprising juice, coffee, tea, milk, value-added dairy, sports, energy, and plant-based drinks.
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