PriceSmart (PSMT) to Release Earnings on Thursday
PriceSmart (NASDAQ:PSMT) will be announcing its Q1 earnings results after the market closes on Thursday, January 9th.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.03. The company had revenue of $568.00 million for the quarter, compared to the consensus estimate of $586.61 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts expect PriceSmart to post $3.20 EPS for the current fiscal year and $3.60 EPS for the next fiscal year.
Shares of PriceSmart (NASDAQ:PSMT) opened at 112.37 on Wednesday. PriceSmart has a 52-week low of $70.02 and a 52-week high of $126.64. The stock’s 50-day moving average is $118.4 and its 200-day moving average is $100.. The company has a market cap of $3.327 billion and a price-to-earnings ratio of 40.18.
On a related note, analysts at Benchmark Co. raised their price target on shares of PriceSmart from $89.00 to $113.00 in a research note to investors on Friday, November 1st. They now have a “hold” rating on the stock.
PriceSmart, Inc (NASDAQ:PSMT) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States.
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