Telsey Advisory Group Weighs in on Betterware de Mexico, S.A.B. de C.V.’s Q4 2022 Earnings (NASDAQ:BWMX)

Betterware de Mexico, S.A.B. de C.V. (NASDAQ:BWMX – Get Rating) – Investment analysts at Telsey Advisory Group boosted their Q4 2022 earnings per share (EPS) estimates for Betterware de Mexico in a research note issued on Monday, May 2nd. Telsey Advisory Group analyst C. Fernandez now expects that the company will earn $0.70 per share for the quarter, up from their previous forecast of $0.65.

Separately, Zacks Investment Research raised Betterware de Mexico from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, April 27th.

NASDAQ:BWMX opened at $16.00 on Wednesday. The firm’s fifty day moving average is $18.14. The company has a market cap of $585.28 million, a P/E ratio of 8.21 and a beta of 0.11. The company has a current ratio of 1.39, a quick ratio of 0.69 and a debt-to-equity ratio of 1.25. Betterware de Mexico has a fifty-two week low of $12.43 and a fifty-two week high of $50.10.

Betterware de Mexico (NASDAQ:BWMX – Get Rating) last released its earnings results on Thursday, February 10th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.36). The company had revenue of $105.21 million for the quarter, compared to the consensus estimate of $139.83 million. Betterware de Mexico had a net margin of 16.22% and a return on equity of 99.39%.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 3rd. Investors of record on Thursday, February 24th were issued a dividend of $0.412 per share. This represents a $1.65 annualized dividend and a dividend yield of 10.30%. The ex-dividend date was Wednesday, February 23rd. Betterware de Mexico’s dividend payout ratio (DPR) is presently 84.62%.

Several large investors have recently made changes to their positions in BWMX. Sterling Investment Advisors Ltd. bought a new position in Betterware de Mexico in the 3rd quarter valued at approximately $36,000. Marshall Wace LLP acquired a new position in Betterware de Mexico in the 4th quarter valued at approximately $131,000. Millennium Management LLC bought a new position in shares of Betterware de Mexico during the third quarter valued at $335,000. Goldman Sachs Group Inc. acquired a new position in shares of Betterware de Mexico during the fourth quarter worth $253,000. Finally, Citadel Advisors LLC grew its stake in shares of Betterware de Mexico by 73.6% in the third quarter. Citadel Advisors LLC now owns 15,349 shares of the company’s stock worth $546,000 after purchasing an additional 6,506 shares during the last quarter. Institutional investors own 17.90% of the company’s stock.

Betterware de Mexico Company Profile (Get Rating)

Betterware de Mexico, SAB. de C.V. operates as a direct-to-consumer company in Mexico. The company focuses on the home organization segment with a product portfolio, including home solutions, kitchen and food preservation, technology and mobility, and other categories. It serves approximately 3 million households through distributors and associates in approximately 800 communities throughout Mexico.

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