America Movil (NYSE:AMX) Releases Quarterly Earnings Results, Misses Estimates By $0.50 EPS

America Movil (NYSE:AMX) issued its quarterly earnings results on Tuesday. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.50), FiscalAI reports. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The business had revenue of $14.07 billion during the quarter, compared to the consensus estimate of $13.72 billion.

America Movil Stock Down 0.1%

AMX stock traded down $0.01 during midday trading on Wednesday, hitting $26.07. The company’s stock had a trading volume of 2,895,454 shares, compared to its average volume of 1,860,905. The company has a market cap of $78.49 billion, a PE ratio of 16.61, a P/E/G ratio of 0.83 and a beta of 0.66. America Movil has a 12 month low of $17.05 and a 12 month high of $28.46. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. The firm’s 50-day moving average is $26.15 and its 200-day moving average is $24.66.

America Movil Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th will be issued a $0.3078 dividend. The ex-dividend date is Tuesday, July 14th. America Movil’s payout ratio is presently 37.58%.

Analyst Ratings Changes

A number of equities analysts have weighed in on AMX shares. The Goldman Sachs Group began coverage on shares of America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 target price for the company. JPMorgan Chase & Co. upped their price target on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. UBS Group raised their price objective on America Movil to $31.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. New Street Research reiterated a “buy” rating and set a $35.00 price objective on shares of America Movil in a research note on Wednesday, June 17th. Finally, Wall Street Zen downgraded America Movil from a “strong-buy” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.16.

Institutional Trading of America Movil

A number of institutional investors and hedge funds have recently modified their holdings of AMX. Atlas Capital Advisors Inc. bought a new position in shares of America Movil during the fourth quarter valued at $37,000. EverSource Wealth Advisors LLC raised its position in America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares during the last quarter. Arax Advisory Partners lifted its stake in America Movil by 34.0% during the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after acquiring an additional 612 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of America Movil during the 2nd quarter valued at about $54,000. Finally, National Bank of Canada FI boosted its holdings in shares of America Movil by 71.0% during the 3rd quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock valued at $91,000 after acquiring an additional 1,786 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

America Movil Company Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.