News articles about PriceSmart (NASDAQ:PSMT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PriceSmart earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.6010940292001 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
PSMT has been the topic of several analyst reports. TheStreet upgraded PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Zacks Investment Research raised PriceSmart from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Saturday, January 13th. Scotiabank downgraded PriceSmart to a “hold” rating and set a $90.00 price target for the company. in a report on Friday, January 5th. BidaskClub raised PriceSmart from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Ifs Securities raised PriceSmart from a “market perform” rating to an “outperform” rating in a report on Friday, December 29th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $92.50.
PriceSmart (NASDAQ:PSMT) traded down $2.50 during trading on Monday, hitting $78.60. The stock had a trading volume of 977,565 shares, compared to its average volume of 247,702. The stock has a market capitalization of $2,465.73, a PE ratio of 27.10 and a beta of 1.29. PriceSmart has a 1-year low of $78.00 and a 1-year 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.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Thursday, January 4th. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.08). PriceSmart had a net margin of 2.92% and a return on equity of 12.61%. The business had revenue of $767.10 million during the quarter, compared to analysts’ expectations of $764.67 million. During the same quarter last year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. equities analysts forecast that PriceSmart will post 3.2 EPS for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be given a dividend of $0.35 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 14th. PriceSmart’s payout ratio is 24.14%.
In other news, COO William J. Naylon sold 2,400 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $80.05, for a total value of $192,120.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John Heffner sold 3,125 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $80.00, for a total value of $250,000.00. Following the completion of the transaction, the chief financial officer now directly owns 27,121 shares in the company, valued at approximately $2,169,680. The disclosure for this sale can be found here. 28.00% of the stock is owned by corporate insiders.
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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.
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