Q2 2017 Earnings Estimate for PriceSmart Inc. (PSMT) Issued By Roth Capital
PriceSmart Inc. (NASDAQ:PSMT) – Analysts at Roth Capital boosted their Q2 2017 earnings per share (EPS) estimates for PriceSmart in a research note issued on Monday. Roth Capital analyst D. King now forecasts that the firm will post earnings of $0.89 per share for the quarter, up from their prior forecast of $0.88. Roth Capital currently has a “Buy” rating and a $95.00 price target on the stock.
Separately, Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. PriceSmart currently has an average rating of “Buy” and a consensus price target of $69.33.
Shares of PriceSmart (NASDAQ:PSMT) traded down 0.26% on Thursday, reaching $85.39. 57,858 shares of the company were exchanged. The firm’s 50 day moving average price is $82.99 and its 200 day moving average price is $84.60. PriceSmart has a 52 week low of $68.51 and a 52 week high of $98.49. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 29.16 and a beta of 1.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/q2-2017-earnings-estimate-for-pricesmart-inc-psmt-issued-by-roth-capital.html
Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of PriceSmart by 76.4% in the second quarter. Victory Capital Management Inc. now owns 1,150 shares of the company’s stock worth $108,000 after buying an additional 498 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of PriceSmart by 6.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,162 shares of the company’s stock worth $109,000 after buying an additional 68 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of PriceSmart by 110.4% in the third quarter. BNP Paribas Arbitrage SA now owns 1,643 shares of the company’s stock worth $138,000 after buying an additional 862 shares during the last quarter. Parametrica Management Ltd purchased a new position in shares of PriceSmart during the third quarter worth about $204,000. Finally, Princeton Alpha Management LP purchased a new position in shares of PriceSmart during the second quarter worth about $210,000. 72.69% of the stock is currently owned by hedge funds and other institutional investors.
PriceSmart, Inc (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart.
Receive News & Ratings for PriceSmart Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PriceSmart Inc. and related companies with MarketBeat.com's FREE daily email newsletter.