PriceSmart, Inc. (NASDAQ:PSMT) Announces Earnings Results, Misses Expectations By $0.09 EPS

PriceSmart, Inc. (NASDAQ:PSMT) released its quarterly earnings results 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 firm 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%. PriceSmart’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share.

PriceSmart (PSMT) opened at $79.95 on Friday. PriceSmart has a 12 month low of $78.00 and a 12 month high of $94.00. 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 company has a market cap of $2,430.56, a P/E ratio of 26.83 and a beta of 1.33.

In related news, Director Sherry S. Bahrambeygui sold 16,200 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 125,813 shares in the company, valued at approximately $10,260,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Hildebrandt sold 1,614 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total transaction of $134,720.58. Following the completion of the transaction, the executive vice president now owns 17,237 shares in the company, valued at $1,438,772.39. The disclosure for this sale can be found here. Insiders sold 36,286 shares of company stock valued at $2,981,476 in the last quarter. 28.00% of the stock is owned by insiders.

Several research firms have issued reports on PSMT. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Roth Capital restated a “buy” rating and set a $100.00 price target on shares of PriceSmart in a research note on Monday, October 2nd. Ifs Securities initiated coverage on shares of PriceSmart in a research note on Monday, September 25th. They set a “market perform” rating and a $85.00 price target on the stock. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $92.50.

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PriceSmart Company Profile

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.

Earnings History for PriceSmart (NASDAQ:PSMT)

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