Zacks: Analysts Expect PriceSmart, Inc. (PSMT) to Post $0.89 EPS

Wall Street analysts expect PriceSmart, Inc. (NASDAQ:PSMT) to announce $0.89 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for PriceSmart’s earnings. PriceSmart reported earnings of $0.90 per share in the same quarter last year, which indicates a negative year over year growth rate of 1.1%. The firm is scheduled to report its next quarterly earnings report on Thursday, April 5th.

On average, analysts expect that PriceSmart will report full-year earnings of $3.20 per share for the current year. For the next fiscal year, analysts forecast that the business will post earnings of $3.78 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for PriceSmart.

PriceSmart (NASDAQ:PSMT) last issued its earnings results on Thursday, January 4th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.08). PriceSmart had a net margin of 2.92% and a return on equity of 12.61%. The company had revenue of $767.10 million during the quarter, compared to analyst estimates of $764.67 million. During the same quarter in the prior year, the business earned $0.82 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis.

PSMT has been the topic of a number of research analyst reports. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of PriceSmart from a “sell” rating to a “hold” rating and set a $96.00 target price on the stock in a research report on Tuesday, January 2nd. Scotiabank lowered shares of PriceSmart to a “hold” rating and set a $90.00 target price on the stock. in a research report on Friday, January 5th. Scotia Howard Weill restated a “sector perform” rating on shares of PriceSmart in a research report on Friday, January 5th. Finally, Howard Weil lowered shares of PriceSmart from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. PriceSmart has a consensus rating of “Hold” and a consensus price target of $92.50.

Shares of PriceSmart (PSMT) traded down $0.65 during trading on Tuesday, reaching $78.35. 158,700 shares of the company’s stock were exchanged, compared to its average volume of 227,615. PriceSmart has a 1 year low of $77.50 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. The firm has a market capitalization of $2,390.00, a price-to-earnings ratio of 27.07 and a beta of 1.29.

The firm also recently declared a semiannual dividend, which will be paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a dividend yield of 0.8%. PriceSmart’s dividend payout ratio (DPR) is presently 24.14%.

Large investors have recently modified their holdings of the company. Citigroup Inc. lifted its holdings in shares of PriceSmart by 18.5% during the second quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock worth $124,000 after purchasing an additional 220 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of PriceSmart by 16.4% during the second quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock worth $128,000 after purchasing an additional 206 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of PriceSmart by 12.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock worth $170,000 after purchasing an additional 210 shares during the period. SG Americas Securities LLC acquired a new position in shares of PriceSmart during the fourth quarter worth $186,000. Finally, Guggenheim Capital LLC acquired a new position in shares of PriceSmart during the fourth quarter worth $203,000. Institutional investors own 74.43% of the company’s stock.

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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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