PriceSmart, Inc. (NASDAQ:PSMT) posted its quarterly earnings data on Thursday, October 26th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09), Bloomberg Earnings reports. The company had revenue of $733.50 million for the quarter, compared to analysts’ expectations of $733.64 million. PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS.
PriceSmart (NASDAQ:PSMT) traded down $0.35 on Friday, reaching $79.95. The company’s stock had a trading volume of 68,500 shares, compared to its average volume of 139,868. The company has a quick ratio of 0.55, a current ratio of 1.40 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2,430.56, a PE ratio of 26.83 and a beta of 1.33. PriceSmart has a 52 week low of $78.00 and a 52 week high of $94.00.
In related news, EVP John D. Hildebrandt sold 1,614 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $83.47, for a total transaction of $134,720.58. Following the transaction, the executive vice president now directly owns 17,237 shares of the company’s stock, valued at approximately $1,438,772.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sherry S. Bahrambeygui sold 5,700 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $82.62, for a total value of $470,934.00. Following the transaction, the director now directly owns 125,813 shares in the company, valued at $10,394,670.06. The disclosure for this sale can be found here. Insiders sold a total of 36,286 shares of company stock worth $2,981,476 over the last ninety days. Corporate insiders own 28.00% of the company’s stock.
A number of analysts recently commented on the company. TheStreet upgraded PriceSmart from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Roth Capital restated a “buy” rating and issued a $100.00 price target on shares of PriceSmart in a report on Monday, October 2nd. Ifs Securities initiated coverage on PriceSmart in a report on Monday, September 25th. They issued a “market perform” rating and a $85.00 price target for the company. BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Zacks Investment Research upgraded PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. PriceSmart has an average rating of “Hold” and a consensus target price of $92.50.
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.
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