PriceSmart (PSMT) Announces Quarterly Earnings Results

PriceSmart (NASDAQ:PSMT) released its earnings results on Thursday. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.08), Yahoo Finance reports. PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. The business had revenue of $767.10 million for the quarter, compared to analysts’ expectations of $764.67 million. During the same quarter in the previous year, the business posted $0.82 earnings per share. PriceSmart’s revenue for the quarter was up 3.7% on a year-over-year basis.

PriceSmart (NASDAQ PSMT) traded up $1.45 during mid-day trading on Friday, hitting $87.85. 230,700 shares of the stock traded hands, compared to its average volume of 173,533. PriceSmart has a 1 year low of $78.00 and a 1 year high of $94.00. The stock has a market capitalization of $2,490.00, a price-to-earnings ratio of 30.19 and a beta of 1.31. The company has a quick ratio of 0.55, a current ratio of 1.40 and a debt-to-equity ratio of 0.12.

In related news, EVP Chong Jesus Von sold 620 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $80.28, for a total transaction of $49,773.60. Following the completion of the sale, the executive vice president now owns 27,001 shares of the company’s stock, valued at $2,167,640.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Hildebrandt sold 1,614 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total transaction of $134,720.58. Following the sale, the executive vice president now directly owns 17,237 shares of the company’s stock, valued at approximately $1,438,772.39. The disclosure for this sale can be found here. Insiders have sold 44,997 shares of company stock valued at $3,683,782 over the last quarter. Company insiders own 28.00% of the company’s stock.

Several research firms have recently issued reports on PSMT. Scotia Howard Weill reiterated a “sector perform” rating on shares of PriceSmart in a report on Friday. Howard Weil lowered shares of PriceSmart from a “sector outperform” rating to a “sector perform” rating in a report on Friday. Scotiabank lowered shares of PriceSmart to a “hold” rating and set a $90.00 target price for the company. in a report on Friday. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Thursday. Finally, TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $92.75.

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PriceSmart Company Profile

PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.

Earnings History for PriceSmart (NASDAQ:PSMT)

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