PriceSmart Shares Down 4.8% Following Analyst Downgrade (PSMT)
PriceSmart (NASDAQ:PSMT)’s share price was down 4.8% during mid-day trading on Monday after Roth Capital lowered their price target on the stock from $108.00 to $105.00, Analyst RN reports. The company traded as low as $82.64 and last traded at $82.67, with a volume of 171,329 shares. The stock had previously closed at $86.84.
The stock’s 50-day moving average is $88.80 and its 200-day moving average is $96.16. The company has a market cap of $2.500 billion and a P/E ratio of 28.66.
PriceSmart (NASDAQ:PSMT) last released its earnings data on Thursday, July 10th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. 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 previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that PriceSmart will post $3.13 EPS for the current fiscal year.
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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