PriceSmart (NASDAQ:PSMT) Announces Earnings Results

PriceSmart (NASDAQ:PSMT) posted its quarterly earnings data on Wednesday. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07), Briefing.com reports. PriceSmart had a net margin of 2.83% and a return on equity of 12.76%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company posted $0.65 earnings per share. PriceSmart’s quarterly revenue was up 9.6% compared to the same quarter last year.

PriceSmart Price Performance

NASDAQ PSMT opened at $85.45 on Friday. The company has a 50 day simple moving average of $89.95 and a 200-day simple moving average of $85.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 18.70 and a beta of 0.84. PriceSmart has a 52-week low of $64.41 and a 52-week high of $94.82.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Insider Transactions at PriceSmart

In related news, EVP Francisco Velasco sold 827 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $91.03, for a total transaction of $75,281.81. Following the transaction, the executive vice president now owns 84,385 shares of the company’s stock, valued at approximately $7,681,566.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.60% of the stock is owned by insiders.

PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.