Betterware de Mexico SAPI de C (NYSE:BWMX) Shares Gap Down Following Weak Earnings

Betterware de Mexico SAPI de C (NYSE:BWMX)’s share price gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $18.17, but opened at $17.02. Betterware de Mexico SAPI de C shares last traded at $16.79, with a volume of 117,909 shares traded.

The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.18). Betterware de Mexico SAPI de C had a return on equity of 102.61% and a net margin of 7.23%.The business had revenue of $212.26 million for the quarter.

Analyst Upgrades and Downgrades

BWMX has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Betterware de Mexico SAPI de C in a research report on Monday, December 29th. Zacks Research upgraded Betterware de Mexico SAPI de C from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Finally, Freedom Capital raised Betterware de Mexico SAPI de C to a “strong-buy” rating in a research report on Friday, January 2nd. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Betterware de Mexico SAPI de C has an average rating of “Buy”.

Institutional Trading of Betterware de Mexico SAPI de C

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Betterware de Mexico SAPI de C by 7.0% during the 4th quarter. State Street Corp now owns 90,082 shares of the company’s stock valued at $1,280,000 after acquiring an additional 5,881 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Betterware de Mexico SAPI de C by 11.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 60,663 shares of the company’s stock worth $862,000 after purchasing an additional 6,274 shares during the last quarter. Finally, Quattro Financial Advisors LLC grew its stake in Betterware de Mexico SAPI de C by 42.9% in the fourth quarter. Quattro Financial Advisors LLC now owns 50,000 shares of the company’s stock worth $710,000 after purchasing an additional 15,000 shares in the last quarter. 12.72% of the stock is owned by institutional investors and hedge funds.

Betterware de Mexico SAPI de C Stock Performance

The company has a fifty day moving average of $17.03 and a two-hundred day moving average of $14.79. The stock has a market capitalization of $625.48 million, a P/E ratio of 11.97 and a beta of 1.25. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.93 and a quick ratio of 0.44.

About Betterware de Mexico SAPI de C

Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.

Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.