Betterware de México, S.A.P.I. de C.V. Expected to Post FY2023 Earnings of $2.90 Per Share (NASDAQ:BWMX)

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMXGet Rating) – Analysts at Telsey Advisory Group upped their FY2023 earnings estimates for Betterware de México, S.A.P.I. de C.V. in a research report issued on Monday, August 1st. Telsey Advisory Group analyst C. Fernandez now anticipates that the company will post earnings of $2.90 per share for the year, up from their prior estimate of $2.51. The consensus estimate for Betterware de México, S.A.P.I. de C.V.’s current full-year earnings is $1.66 per share.

Betterware de México, S.A.P.I. de C.V. Trading Down 1.5 %

NASDAQ BWMX opened at $10.07 on Wednesday. The company’s fifty day simple moving average is $10.95 and its 200-day simple moving average is $15.48. Betterware de México, S.A.P.I. de C.V. has a 52 week low of $8.39 and a 52 week high of $46.96. The company has a current ratio of 1.32, a quick ratio of 0.65 and a debt-to-equity ratio of 5.37. The stock has a market cap of $375.78 million, a P/E ratio of 6.07 and a beta of 1.22.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Mmbg Investment Advisors CO. lifted its position in shares of Betterware de México, S.A.P.I. de C.V. by 1.2% during the second quarter. Mmbg Investment Advisors CO. now owns 4,865,349 shares of the company’s stock worth $42,037,000 after purchasing an additional 58,188 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Betterware de México, S.A.P.I. de C.V. by 32.9% in the fourth quarter. ProShare Advisors LLC now owns 622,631 shares of the company’s stock worth $13,051,000 after buying an additional 154,141 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Betterware de México, S.A.P.I. de C.V. in the first quarter worth $8,222,000. Graham Capital Wealth Management LLC bought a new stake in shares of Betterware de México, S.A.P.I. de C.V. in the first quarter worth $1,170,000. Finally, Prelude Capital Management LLC increased its stake in shares of Betterware de México, S.A.P.I. de C.V. by 81.5% in the first quarter. Prelude Capital Management LLC now owns 37,412 shares of the company’s stock worth $637,000 after buying an additional 16,801 shares during the last quarter. 17.90% of the stock is owned by institutional investors and hedge funds.

Betterware de México, S.A.P.I. de C.V. Company Profile

(Get Rating)

Betterware de México, SAP.I. de C.V. operates as a direct-to-consumer company in Mexico. It focuses on the home organization segment with a product portfolio, including home solutions, kitchen and food preservation, technology and mobility, bedroom, bathroom, laundry and cleaning, and other categories.

Further Reading

Earnings History and Estimates for Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX)

Want More Great Investing Ideas?

Receive News & Ratings for Betterware de México S.A.P.I. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Betterware de México S.A.P.I. de C.V. and related companies with MarketBeat.com's FREE daily email newsletter.