Coca-Cola FEMSA (NYSE:KOF) Announces Quarterly Earnings Results

Coca-Cola FEMSA (NYSE:KOF) issued its quarterly earnings results on Friday. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22, Zacks reports. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion.

Coca-Cola FEMSA Trading Up 3.9 %

NYSE:KOF opened at $88.27 on Friday. The business has a 50 day simple moving average of $78.78 and a 200 day simple moving average of $82.90. The firm has a market capitalization of $148.36 billion, a P/E ratio of 14.99, a P/E/G ratio of 0.62 and a beta of 0.83. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KOF. Barclays reduced their price target on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.