Somewhat Positive Media Coverage Somewhat Unlikely to Impact Fomento Economico Mexicano SAB (FMX) Share Price

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News coverage about Fomento Economico Mexicano SAB (NYSE:FMX) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fomento Economico Mexicano SAB earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.9660031551114 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of NYSE FMX opened at $82.05 on Wednesday. The firm has a market capitalization of $29.43 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.46 and a beta of 0.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.17. Fomento Economico Mexicano SAB has a 1-year low of $80.86 and a 1-year high of $103.82.

Fomento Economico Mexicano SAB (NYSE:FMX) last announced its earnings results on Thursday, April 26th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.33). The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.26 billion. Fomento Economico Mexicano SAB had a return on equity of 13.14% and a net margin of 8.57%. sell-side analysts expect that Fomento Economico Mexicano SAB will post 4.02 earnings per share for the current year.

Separately, ValuEngine lowered shares of Fomento Economico Mexicano SAB from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Fomento Economico Mexicano SAB has a consensus rating of “Buy” and a consensus price target of $114.40.

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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