PriceSmart (PSMT) Posts Quarterly Earnings, Misses Expectations By $0.03 EPS
PriceSmart (NASDAQ:PSMT) announced its earnings results on Thursday. The company reported $0.71 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.03, Analyst RN reports. The company had revenue of $605.60 million for the quarter, compared to the consensus estimate of $609.04 million.
Shares of PriceSmart (NASDAQ:PSMT) traded down 2.09% on Thursday, hitting $108.04. The stock had a trading volume of 313,250 shares. PriceSmart has a one year low of $70.02 and a one year high of $126.64. The stock has a 50-day moving average of $118.1 and a 200-day moving average of $101.0. The company has a market cap of $3.199 billion and a P/E ratio of 39.69.
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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