According to Zacks, “WAL-MART de Mexico-ADR operates 587 commercial units, including self-service stores, department, and restaurants. “
Separately, Grupo Santander started coverage on shares of Wal-Mart de México in a research note on Wednesday, August 25th. They set a buy rating and a $45.00 target price for the company.
Wal-Mart de México (OTCMKTS:WMMVY) last released its earnings results on Thursday, July 22nd. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The firm had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.58 billion. Wal-Mart de México had a net margin of 5.90% and a return on equity of 25.91%. As a group, equities research analysts anticipate that Wal-Mart de México will post 1.19 EPS for the current year.
About Wal-Mart de México
Wal-Mart de México SAB de CV engages in the operation of discount warehouses and discount stores, hypermarkets, supermarkets, and clubs. It operates through the Mexico and Central America geographical segments. The company was founded by Jerónimo Arango in 1958 and is headquartered in Mexico City, Mexico.
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