PriceSmart (NASDAQ:PSMT) Releases Earnings Results, Misses Expectations By $0.22 EPS

PriceSmart (NASDAQ:PSMT) announced its earnings results on Wednesday. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22), Zacks reports. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis.

PriceSmart Trading Up 1.3 %

PriceSmart stock opened at $93.45 on Friday. PriceSmart has a 1 year low of $72.30 and a 1 year high of $99.23. The firm’s 50 day moving average price is $91.26 and its two-hundred day moving average price is $88.61. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 20.45 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.22.

Insider Activity

In other PriceSmart news, EVP Paul Kovaleski sold 3,235 shares of PriceSmart stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $89.96, for a total transaction of $291,020.60. Following the transaction, the executive vice president now owns 44,309 shares of the company’s stock, valued at $3,986,037.64. The trade was a 6.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David R. Price sold 2,750 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total transaction of $253,660.00. Following the sale, the executive vice president now owns 48,844 shares of the company’s stock, valued at approximately $4,505,370.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,463 shares of company stock worth $1,400,727. Insiders own 17.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised PriceSmart from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th.

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.