PriceSmart (NASDAQ:PSMT) issued its quarterly earnings results on Thursday. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01, Briefing.com reports. The firm had revenue of $811.94 million during the quarter, compared to analyst estimates of $827.30 million. PriceSmart had a return on equity of 10.91% and a net margin of 2.27%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS.
Shares of NASDAQ PSMT opened at $67.89 on Friday. The stock has a fifty day moving average price of $72.32 and a two-hundred day moving average price of $65.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.39 and a current ratio of 1.21. The firm has a market cap of $2.11 billion, a P/E ratio of 24.70 and a beta of 0.94. PriceSmart has a 1 year low of $48.06 and a 1 year high of $79.90.
In other news, Director Robert E. Price sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $66.01, for a total transaction of $660,100.00. Following the completion of the sale, the director now directly owns 80 shares of the company’s stock, valued at approximately $5,280.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO William J. Naylon sold 2,852 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $75.45, for a total value of $215,183.40. Following the sale, the chief operating officer now directly owns 36,952 shares of the company’s stock, valued at $2,788,028.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,087 shares of company stock valued at $5,478,413. 27.10% of the stock is currently owned by corporate insiders.
A number of brokerages have issued reports on PSMT. ValuEngine lowered PriceSmart from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. TheStreet raised PriceSmart from a “c+” rating to a “b” rating in a research note on Tuesday, October 29th. Finally, BidaskClub lowered PriceSmart from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $64.85.
PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.
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