Coca-Cola FEMSA (NYSE:KOF) Issues Quarterly Earnings Results
Coca-Cola FEMSA (NYSE:KOF) issued its quarterly earnings results on Thursday. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.05, Morningstar.com reports. Coca-Cola FEMSA had a net margin of 7.87% and a return on equity of 9.03%. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.44 billion.
KOF stock traded down $0.09 during midday trading on Friday, hitting $60.30. The company’s stock had a trading volume of 58,162 shares, compared to its average volume of 55,689. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.48. Coca-Cola FEMSA has a 52-week low of $56.19 and a 52-week high of $69.00. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 1.89 and a beta of 0.66. The firm has a 50-day moving average of $62.62.
Several equities analysts have commented on KOF shares. Santander cut shares of Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Zacks Investment Research cut shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $71.67.
Coca-Cola FEMSA Company Profile
Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.
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