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

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) announced its earnings results on Wednesday. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02, Zacks reports. The company had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $14.32 billion. Wal-Mart de Mexico SAB de CV had a return on equity of 22.89% and a net margin of 4.90%.

Wal-Mart de Mexico SAB de CV Trading Down 3.2%

Shares of WMMVY stock opened at $27.00 on Friday. The business’s fifty day moving average price is $29.61 and its 200 day moving average price is $31.55. The firm has a market capitalization of $46.71 billion, a PE ratio of 16.88, a P/E/G ratio of 1.85 and a beta of 0.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.97 and a quick ratio of 0.33. Wal-Mart de Mexico SAB de CV has a 1-year low of $26.62 and a 1-year high of $35.47.

Wall Street Analyst Weigh In

Separately, Santander downgraded Wal-Mart de Mexico SAB de CV to a “neutral” rating in a report on Monday, April 20th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México SAB de CV (OTCMKTS: WMMVY) is a leading Mexican retail company that operates a broad array of retail formats focused on serving everyday consumer needs. Its core activities include operating supermarkets, discount stores, membership warehouse clubs and related retail formats that sell groceries, perishables, household goods, apparel, electronics and general merchandise. The company also provides associated services commonly found in large retail chains, such as in-store pharmacies, basic financial and payment services, and e-commerce fulfillment to meet growing online demand.

The company’s operations are centered in Mexico and extend into several countries in Central America, where it serves urban and suburban consumers through a mix of neighborhood discount outlets, larger full-service supermarkets and membership-based warehouse clubs.