Betterware de Mexico SAPI de C (NYSE:BWMX) Issues Quarterly Earnings Results

Betterware de Mexico SAPI de C (NYSE:BWMX) released its quarterly earnings results on Thursday. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15), Zacks reports. Betterware de Mexico SAPI de C had a net margin of 8.35% and a return on equity of 77.89%.

Betterware de Mexico SAPI de C Stock Up 0.8%

BWMX stock traded up $0.13 during trading on Thursday, reaching $16.02. 29,633 shares of the company traded hands, compared to its average volume of 87,815. Betterware de Mexico SAPI de C has a 12 month low of $12.91 and a 12 month high of $19.79. The business has a 50 day simple moving average of $16.16 and a 200 day simple moving average of $17.05. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.57 and a current ratio of 1.11. The company has a market capitalization of $632.79 million, a price-to-earnings ratio of 8.76 and a beta of 0.99.

Insider Transactions at Betterware de Mexico SAPI de C

In other news, CEO Andres Campos Chevallier acquired 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average price of $16.41 per share, with a total value of $492,300.00. Following the completion of the acquisition, the chief executive officer owned 80,000 shares of the company’s stock, valued at $1,312,800. This trade represents a 60.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Santiago Campos Chevallier purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was acquired at an average cost of $16.46 per share, for a total transaction of $246,900.00. Following the purchase, the insider owned 95,000 shares in the company, valued at approximately $1,563,700. The trade was a 18.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 200,762 shares of company stock worth $3,306,350 over the last 90 days.

Analyst Ratings Changes

A number of equities analysts have commented on BWMX shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Betterware de Mexico SAPI de C in a research note on Tuesday, September 1st. Zacks Research upgraded Betterware de Mexico SAPI de C from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. Finally, Wall Street Zen upgraded Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Betterware de Mexico SAPI de C Company Profile

Betterware de México, SAP.I. de C.V. is a Mexico-based direct-to-consumer company that develops, distributes and sells products for the home, personal care and beauty markets. Its Betterware brand is known primarily for home-organization, kitchen, cleaning, storage and lifestyle products.

The company sells through a network of independent distributors and representatives, supported by product catalogs, digital commerce and other direct-selling channels. This model allows Betterware to reach consumers across Mexico and provides distributors with product, ordering and promotional support.

In 2022, Betterware de México expanded its business through the acquisition of JAFRA, an international direct-selling beauty company.