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

Shares of Betterware de Mexico SAPI de C (NYSE:BWMX) gapped down prior to trading on Friday following a dissappointing 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.

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 net margin of 7.35% and a return on equity of 90.66%. The company had revenue of $212.26 million during the quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. 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. Freedom Capital upgraded shares of Betterware de Mexico SAPI de C to a “strong-buy” rating in a report on Friday, January 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Betterware de Mexico SAPI de C in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Betterware de Mexico SAPI de C currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Betterware de Mexico SAPI de C

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

Betterware de Mexico SAPI de C Stock Performance

The stock has a 50 day moving average of $17.09 and a 200 day moving average of $14.82. The company has a quick ratio of 0.44, a current ratio of 0.93 and a debt-to-equity ratio of 2.66. The firm has a market cap of $617.27 million, a price-to-earnings ratio of 11.25 and a beta of 1.25.

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.