Betterware de Mexico SAPI de C (NYSE:BWMX) Plans Quarterly Dividend of $0.34

Betterware de Mexico SAPI de C (NYSE:BWMX) announced a quarterly dividend on Friday, October 16th. Investors of record on Thursday, November 5th will be given a dividend of $0.3424 per share on Thursday, November 19th. This represents a $1.37 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Thursday, November 5th. This is a 5.3% increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.3252.

Betterware de Mexico SAPI de C Stock Up 3.8%

Shares of NYSE BWMX opened at $17.45 on Tuesday. Betterware de Mexico SAPI de C has a one year low of $13.41 and a one year high of $19.79. The stock has a market capitalization of $689.30 million, a P/E ratio of 8.95 and a beta of 0.99. The firm’s 50 day simple moving average is $16.25 and its two-hundred day simple moving average is $17.23. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.99 and a quick ratio of 0.47.

Betterware de Mexico SAPI de C (NYSE:BWMX) last released its earnings results on Thursday, October 22nd. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.17). The business had revenue of $267.27 million for the quarter. Betterware de Mexico SAPI de C had a net margin of 8.08% and a return on equity of 70.20%. As a group, analysts expect that Betterware de Mexico SAPI de C will post 2.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BWMX has been the topic of a number of recent research reports. Wall Street Zen raised Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Weiss Ratings raised Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 26th. Finally, Zacks Research cut Betterware de Mexico SAPI de C from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Betterware de Mexico SAPI de C 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.