PriceSmart (NASDAQ:PSMT) issued its quarterly earnings results on Thursday, January 4th. 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 return on equity of 12.61% and a net margin of 2.92%. The company 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 earned $0.82 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis.
PriceSmart (PSMT) traded down $0.05 during midday trading on Friday, hitting $82.30. 151,300 shares of the stock were exchanged, compared to its average volume of 255,988. PriceSmart has a 52 week low of $78.00 and a 52 week high of $94.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 0.44. The company has a market cap of $2,500.00, a P/E ratio of 28.38 and a beta of 1.31.
PSMT has been the subject of several analyst reports. Scotiabank reaffirmed a “sector perform” rating on shares of PriceSmart in a report on Tuesday. Roth Capital reaffirmed a “buy” rating and issued a $100.00 price objective on shares of PriceSmart in a report on Monday, October 2nd. TheStreet raised shares of PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Zacks Investment Research downgraded shares of PriceSmart from a “buy” rating to a “hold” rating in a report on Friday. Finally, BidaskClub downgraded shares of PriceSmart from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $92.75.
In related news, Director Sherry S. Bahrambeygui sold 16,200 shares of PriceSmart stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $81.55, for a total value of $1,321,110.00. Following the transaction, the director now owns 125,813 shares in the company, valued at approximately $10,260,050.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO William J. Naylon sold 2,400 shares of PriceSmart stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $80.05, for a total transaction of $192,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 44,997 shares of company stock valued at $3,683,782 over the last ninety days. 28.00% of the stock is currently owned by insiders.
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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