PriceSmart (PSMT) Posts Quarterly Earnings, Beats Estimates By $0.01 EPS
PriceSmart (NASDAQ:PSMT) posted its quarterly earnings results on Thursday. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.01, Analyst Ratings.Net reports. The company had revenue of $615.00 million for the quarter, compared to the consensus estimate of $624.46 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Roth Capital upgraded shares of PriceSmart from a “neutral” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $108.00 price target on the stock, up previously from $105.00. Analysts at Benchmark Co. cut their price target on shares of PriceSmart from $100.00 to $90.00 in a research note on Friday, April 11th.
PriceSmart (NASDAQ:PSMT) traded down 1.93% during mid-day trading on Thursday, hitting $86.21. 255,210 shares of the company’s stock traded hands. PriceSmart has a 52-week low of $82.61 and a 52-week high of $126.64. The stock’s 50-day moving average is $89.07 and its 200-day moving average is $96.86. The company has a market cap of $2.561 billion and a P/E ratio of 29.90.
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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