Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Announces Earnings Results

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) released its quarterly earnings results on Tuesday. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05), Zacks reports. The firm had revenue of $14.42 billion for the quarter, compared to analysts’ expectations of $13.88 billion. Wal-Mart de Mexico SAB de CV had a net margin of 4.90% and a return on equity of 21.23%.

Wal-Mart de Mexico SAB de CV Stock Performance

Shares of WMMVY opened at $25.96 on Thursday. Wal-Mart de Mexico SAB de CV has a twelve month low of $24.80 and a twelve month high of $35.47. The firm’s 50 day moving average price is $26.75 and its 200 day moving average price is $30.04. The firm has a market cap of $44.91 billion, a PE ratio of 16.22, a PEG ratio of 5.94 and a beta of 0.63.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research cut Wal-Mart de Mexico SAB de CV from a “hold” rating to a “strong sell” rating in a research report on Tuesday. HSBC lowered shares of Wal-Mart de Mexico SAB de CV to a “reduce” rating and set a $42.00 price target on the stock. in a research note on Tuesday, September 8th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Wal-Mart de Mexico SAB de CV has an average rating of “Strong Sell” and a consensus price target of $42.00.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México, SAB. de C.V., commonly known as Walmex, is a retail company that operates Walmart’s business in Mexico and Central America. The company sells groceries, fresh food, household products, apparel, electronics, appliances, health and beauty products, and other general merchandise through a variety of store formats.

Walmex operates stores under brands including Walmart, Walmart Express, Bodega Aurrera and Sam’s Club. Bodega Aurrera serves value-oriented consumers, while Walmart and Walmart Express offer full-service and smaller-format shopping experiences.