Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX – Get Free Report) introduced an annual dividend on Wednesday, October 2nd, Zacks experiences. Stockholders of document on Wednesday, October sixteenth might be paid a dividend of 0.864 per share on Monday, October twenty eighth. This represents a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, October sixteenth.
Fomento Económico Mexicano has raised its dividend fee by a median of 12.8% yearly over the past three years. Fomento Económico Mexicano has a dividend payout ratio of 18.5% that means its dividend is sufficiently coated by earnings. Analysis analysts count on Fomento Económico Mexicano to earn $5.50 per share subsequent 12 months, which implies the corporate ought to proceed to have the ability to cowl its $1.02 annual dividend with an anticipated future payout ratio of 18.5%.
Fomento Económico Mexicano Value Efficiency
Shares of NYSE:FMX traded down $0.23 throughout buying and selling on Friday, hitting $98.66. 24,704 shares of the inventory have been exchanged, in comparison with its common quantity of 686,607. The corporate has a market cap of $35.30 billion, a PE ratio of 26.79, a P/E/G ratio of 5.75 and a beta of 0.94. The corporate has a present ratio of 1.72, a fast ratio of 1.44 and a debt-to-equity ratio of 0.36. The corporate has a fifty day shifting common worth of $105.18 and a two-hundred day shifting common worth of $113.11. Fomento Económico Mexicano has a 12-month low of $97.58 and a 12-month excessive of $143.43.
Fomento Económico Mexicano (NYSE:FMX – Get Free Report) final launched its quarterly earnings outcomes on Wednesday, July twenty fourth. The corporate reported $1.87 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a return on fairness of 8.65% and a web margin of three.75%. The enterprise had income of $11.54 billion through the quarter. On common, analysts forecast that Fomento Económico Mexicano will publish 5.39 EPS for the present 12 months.
Analyst Upgrades and Downgrades
A number of brokerages lately issued experiences on FMX. JPMorgan Chase & Co. downgraded shares of Fomento Económico Mexicano from an “chubby” score to a “impartial” score and upped their worth goal for the corporate from $104.00 to $109.00 in a analysis word on Monday, September twenty third. StockNews.com downgraded Fomento Económico Mexicano from a “purchase” score to a “maintain” score in a analysis report on Monday, September twenty third. Lastly, Barclays decreased their goal worth on Fomento Económico Mexicano from $160.00 to $145.00 and set an “chubby” score for the corporate in a report on Monday, July fifteenth. Six analysis analysts have rated the inventory with a maintain score and two have given a purchase score to the corporate. In response to information from MarketBeat.com, the inventory presently has a consensus score of “Maintain” and a consensus goal worth of $133.40.
Fomento Económico Mexicano Firm Profile
Fomento Económico Mexicano, SAB. de C.V., via its subsidiaries, operates as a bottler of Coca-Cola trademark drinks. The corporate produces, markets, and distributes Coca-Cola trademark drinks in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.
Featured Articles
Obtain Information & Rankings for Fomento Económico Mexicano Each day – Enter your electronic mail tackle beneath to obtain a concise every day abstract of the most recent information and analysts’ rankings for Fomento Económico Mexicano and associated firms with MarketBeat.com’s FREE every day electronic mail e-newsletter.
